The first batch of 262,400 HYPE from an address cluster associated with Tornado Cash has been unlocked and has started selling.

PANews January 5 News, according to MLM monitoring, among the wallet address clusters associated with Tornado Cash, the first batch of 262,400 HYPE (approximately $6.9 million) has been unlocked (unstaked), and has immediately begun selling. Earlier, on January 2, after the entity remained silent for over 12 months, it unstaked 631,889 HYPE (approximately $20.3 million) within three days through three different wallets. All the HYPE held by this entity was purchased within three weeks after the TGE and the funds came from Tornado Cash. Its total holdings exceed 4.36 million HYPE, and the amount unstaked this time accounts for about 14% to 15% of its total holdings.