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HYPE Genesis Whale Wallet Sells 498,914 Tokens via TWAP Order

According to Onchain Lens, a wallet linked to HYPE genesis whale tummy.hl is offloading more than $20 million in HYPE through a TWAP (time-weighted average price) order expected to finish within 21 hours.

HYPE

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Terms & Concepts
  • TWAP: Time-weighted average price, an execution method that splits a large order over time to reduce market impact.
  • Onchain: Activity or data recorded directly on a blockchain, allowing transactions and wallet behavior to be tracked publicly.
  • Wallet: A blockchain address or tool used to hold and transfer digital assets such as cryptocurrencies or tokens.