OnchainLens reports Yeti0x transferred $2.49M in KHYPE from a multisig, swapped it into 29.87K HYPE worth $2.45M, deposited the tokens into Hyperliquid and has now started selling HYPE on the spot market.

HyperlendX whale supplies $107.21M kHYPE, borrows $70.94M WHYPE and stakes 12,305 HPL saving $68K yearly as HYPE trades at $67.75.