625,000 HYPE may belong to TradeXYZ, possibly transferred as part of an ICE investment

Odaily reports: According to MLM monitoring, of the 3.75 million HYPE traded over the counter last month, 3.125 million were staked to a single wallet, with validators Hyperliquid Strategies and Unit; the remaining 625,000 were transferred to another wallet on HyperEVM and left idle for nearly three weeks. Yesterday, that wallet sent 1 HYPE to a new wallet; the new wallet received funds the same day through several transfers, with the funds coming from a wallet associated with TradeXYZ's Hyperliquid purchases. Currently, the 625,000 HYPE has been transferred into this new wallet and moved from HyperEVM to Hypercore. MLM speculates that ICE is the buyer of the 3.75 million HYPE, but this has not been confirmed; the 625,000 HYPE may have been transferred to TradeXYZ as part of an ICE investment, and on-chain links suggest this portion of HYPE may belong to TradeXYZ.