MLM: Discovered a group of suspicious address clusters holding over 4.36 million HYPE, possibly funded by TornadoCash

According to ChainCatcher news, on-chain analyst MLM disclosed on platform X that a cluster of suspicious addresses was found on Hyperliquid, collectively holding approximately 4,363,073 HYPE (worth $158.2 million), making this address cluster one of the top 10 holders. It involves 47 newly created wallets, all of which may have been directly funded by TornadoCash, with a total of 10,200 ETH involved. These wallets exchanged HYPE at an average price of $8.8.

Analysis revealed that all wallets were funded by TornadoCash between October 19, 2020, 06:15:14 and August 27, 2021, 06:19:53. After more than three years of dormancy, this cluster of addresses became active on the day after the HYPE TGE (November 30, 2024, 11:01:11) and purchased HYPE within the next 48 hours. The current unrealized profit has exceeded $120 million.