Primitive

SmartestMoney sold almost 2 million HYPE and is short 1.875M HYPE ($46.9M) claiming to do so in order to farm the basis Over the last 24 days, he has sold 1,954M HYPE for $42,12M with an average exit price of $22.05 He is still holding 6.012M HYPE (worth $150.3M), along with a couple of million dollars in PURR, HFUN, and FARM, none of which he has ever sold - 3.558M HYPE ($88.95M) is staked - 2.454M HYPE ($61,36M) is active in various DeFi protocols like Hyperlend, Felix, Laminar and Valantis If you include the short, he is directionally long: 4.14M HYPE ($103.4M) = 6.012M HYPE - 1.875M HYPE short The wallets holding his HYPE: hyperfolio.xyz/0x63af859d7b4… hypurrscan.io/address/0x9794… hyperfolio.xyz/0x8177b8dae5b… The wallet he used to short: hypurrscan.io/address/0x20b1… So how did I know it was him? He sent a total of 2.72M HYPE to Gate through his previously doxxed wallets. Using his personal Gate deposit address, I could find all his wallets: hypurrscan.io/address/0x9322… I then checked the CEX flows and found out which wallets received HYPE within this range. I filtered out the ones that sold and checked their APIs. All the API keys were named the same, as they belonged to the same entity. They named the APIs Stax9, Stax10, Stax11, etc., referring to the Ledger Stax being used for that wallet. SmartestMoney did this earlier when buying HYPE, he used API keys like Ledger22, Ledger24 on his doxxed wallets. Okay, but that could be a coincidence? Not really. They all had the same execution and the same pattern of selling. They all had matching API keys, and Smartest sent just a bit more to Gate, which wasn't transferred out to any other public wallets So how did I know he shorted the $45M worth of HYPE? I checked USDC flows to Binance and found that someone had been sending USDC from Coinbase to Binance using Base. The matching amounts were later deposited into Hyperliquid, which the shorter’s wallet received from Binance. And who was using Coinbase for all his USDC deposits/transfers earlier? Exactly, SmartestMoney. Only someone trying to stay off the radar would do this. Oh yeah, the API key was named STAX25SHORT, by the way, so this confirms it’s the same person. Coinbase -> Binance USDC transfers: basescan.org/address/0x6aaF5… The wallets which he used to sell HYPE: Sold 486,509 HYPE for 11,001M AVG exit: 22.64: hypurrscan.io/address/0x4913… Sold 196,587 HYPE for 4,273 AVG exit: 21.74: hypurrscan.io/address/0xf248… Sold 146,029 HYPE for 3,231M AVG exit: 22.13: hypurrscan.io/address/0x8177… Sold 177,519 HYPE for 3,849M AVG exit: 21.70: hypurrscan.io/address/0x84c4… Sold 205,937 HYPE for 4,461 AVG exit: 21.66: hypurrscan.io/address/0x7bc6… Sold 77,403 HYPE for 1,601M AVG exit: 20.68: hypurrscan.io/address/0xc7d3… Sold 54,976 HYPE for 1,126M AVG exit: 20.48: hypurrscan.io/address/0xe12c… Sold 130,401 HYPE for 2,682 AVG exit: 20.56: hypurrscan.io/address/0xa86e… Sold 96,189 HYPE for 1,973M AVG exit: 20.52: hypurrscan.io/address/0x318b… Sold 64,622 HYPE for 1,332M AVG exit: 20.59: hypurrscan.io/address/0xe26f… Sold 71,249 HYPE for 1,476M AVG exit: 20.74: hypurrscan.io/address/0x8148… Sold 41,709 HYPE for 0,836M AVG exit: 20.03: hypurrscan.io/address/0x25aa… Sold 123,669 HYPE for 2,595M AVG exit: 22.64: hypurrscan.io/address/0xf50d… Sold 486,509 HYPE for 11,001M AVG exit: 22.64: hypurrscan.io/address/0x53df… Quick disclaimer: Everyone wants confirmation that the bags they hold are good, so when someone starts selling or fudding, people can get toxic toward them. Don’t do that to SmartestMoney. He’s still the top holder with 6M HYPE and contributes daily to this rapidly growing ecosystem. He supports most HyperEVM protocols and actively engages with builders, community members, etc. He defended the floor at key price levels when it mattered most, and to do that, he needs to manage his cash positions. He full ported into HYPE after the TGE and sat through a 9-figure+ drawdown when we dropped from $35 to $10. That’s a massive amount of money, so derisking some is totally normal. He still believes in the protocol and is now done selling. This is great for long-term healthy price action and even better for distribution. I calculated his holdings at a price of $25 per HYPE