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A certain whale started selling off and placing HYPE sell orders after integrating Lighter into their Telegram encrypted wallet.
Golden Finance reports that, on April 7, according to monitoring by Onchain Lens, since Telegram announced the integration of Lighter into its built-in crypto wallet, a Hyperliquid whale sold 12,200 HYPE (about $449.1k) and placed additional sell orders for 10,400 HYPE (about $386k), while also submitting 1.26 million USDC today.