Two wallets suspected under one entity stake $20.49 million in HYPE

  • Two suspected common-control wallets executed near-identical transactions while staking HYPE.
  • 212,590 HYPE worth $20.49 million was staked across both addresses.
  • The wallets staked 106,410 and 106,180 HYPE, respectively.

Two wallets suspected of being controlled by the same entity staked a combined 212,590 HYPE worth $20.49 million. One address staked 106,410 HYPE valued at $10.25 million, while the other deposited 106,180 HYPE worth $10.24 million. On-chain analysis found the wallets carried out near-identical transactions, and the closely matched stake sizes suggest a single operator managed the assets across separate wallets. The addresses are 0x8bdd...6aec and 0x1ca9...5120. Staking generally involves locking tokens to support a blockchain network.

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