{"id":879849,"date":"2025-12-23T00:11:29","date_gmt":"2025-12-23T06:11:29","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/12\/23\/hyperliquid-confirms-hype-shorting-address-linked-to-ex-employee-fired-in-2024\/"},"modified":"2025-12-23T00:11:29","modified_gmt":"2025-12-23T06:11:29","slug":"hyperliquid-confirms-hype-shorting-address-linked-to-ex-employee-fired-in-2024","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/12\/23\/hyperliquid-confirms-hype-shorting-address-linked-to-ex-employee-fired-in-2024\/","title":{"rendered":"Hyperliquid Confirms $HYPE Shorting Address Linked to Ex-Employee Fired In 2024"},"content":{"rendered":"
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\n Hyperliquid Confirms $HYPE Shorting Address Linked to Ex-Employee Fired In 2024 <\/h2>\n
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Crypto Reporter<\/p>\n

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Shalini Nagarajan<\/p>\n

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Crypto Reporter<\/p>\n

Shalini Nagarajan<\/span>\"Verified\"<\/span>\n <\/p>\n<\/p><\/div>\n

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Part of the Team Since<\/p>\n

Jan 2024<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

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About Author<\/p>\n

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.<\/p>\n<\/p><\/div>\n<\/div><\/div>\n<\/p><\/div>\n

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Last updated:\u00a0<\/p>\n

\"Hyperliquid\"<\/p>\n

Decentralized perpetual futures<\/a> exchange Hyperliquid has confirmed that a wallet address accused by the community of shorting $HYPE<\/a> belongs to an ex-employee who was terminated in Q1 2024.<\/p>\n

The address, 0x7ae4\u20261028, surfaced repeatedly in late November and this month on X, where users tracked on-chain movements around $HYPE distributions and sales soon after the token\u2019s launch.<\/p>\n

Community posts described it as a suspected team or insider wallet, pointing to what they said were spot holdings of about 170,600 $HYPE at the time, along with transfers that appeared to route activity toward the HyperEVM.<\/p>\n

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The scrutiny intensified after trackers alleged the wallet sold 1,200 $HYPE and continued to offload more through Time-Weighted Average Price-style selling, with one widely shared estimate putting a further 3,700 $HYPE on the tape, worth about $110,000 at the time.<\/p>\n

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NEW: HYPERLIQUID TEAM CLARIFIES THAT AN ADDRESS SHORTING $HYPE<\/a>, SPOTTED BY THE COMMUNITY, BELONGS TO AN EX-EMPLOYEE TERMINATED IN Q1 2024 \u2013 “THIS INDIVIDUAL IS NO LONGER ASSOCIATED WITH HYPERLIQUID LABS, AND THEIR ACTIONS DO NOT REFLECT OUR TEAM\u2019S STANDARDS OR VALUES” pic.twitter.com\/Za3vQDhuMq<\/a><\/p>\n

\u2014 DEGEN NEWS (@DegenerateNews) December 22, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

Those claims fed into a broader debate over whether post-launch selling was coming from insiders, especially as traders watched $HYPE perps and spot liquidity for signs of persistent pressure.<\/p>\n

Hyperliquid Moves To Contain Fallout From Wallet Claims<\/span><\/h2>\n

Hyperliquid addressed the speculation in a Discord announcement<\/a>, pairing the clarification with a reminder of internal conduct rules for anyone associated with the project.<\/p>\n

To address recent community inquiries regarding the address, the team wrote that it belongs to an ex-employee terminated in Q1 2024.<\/p>\n

\u201cThis individual is no longer associated with Hyperliquid Labs, and their actions do not reflect our team\u2019s standards or values.\u201d<\/p>\n

In the same message, Hyperliquid said it enforces strict ethical standards around the $HYPE token, including a prohibition on team members trading $HYPE derivatives and a zero tolerance stance on insider trading, with violations triggering immediate termination and potential legal action. \u201cIntegrity is non-negotiable at Hyperliquid Labs.\u201d<\/p>\n

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Hyperliquid Confirms $HYPE Shorting Address Linked to Ex-Employee Fired In 2024 Crypto Reporter Shalini Nagarajan Crypto Reporter Shalini Nagarajan Part of the Team Since Jan 2024 About Author Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector. Last updated:\u00a0 December 22, 2025 Decentralized perpetual futures<\/p>\n","protected":false},"author":1,"featured_media":879850,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2548,142850],"tags":[],"class_list":{"0":"post-879849","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-confirms","8":"category-hyperliquid"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/879849","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=879849"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/879849\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/879850"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=879849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=879849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=879849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}