The post Hyperliquid Addresses Community Claims Over HYPE Token Selling appeared on BitcoinEthereumNews.com.

Altcoins Hyperliquid has moved to calm growing speculation around recent HYPE token selling, after community members raised concerns that a wallet engaging in aggressive trades might be linked to the project’s internal team. According to a statement shared by Hyperliquid co-founder Iliensinc in the project’s Discord, the wallet in question does not belong to any current team member. Instead, it is controlled by a former employee who was dismissed in early 2024 and has had no affiliation with Hyperliquid Labs since. Key takeaways: The wallet accused of shorting or selling HYPE is linked to a former employee, not the current Hyperliquid team. Hyperliquid says the individual was terminated in early 2024 and no longer represents the project. Leadership denies any insider trading by current employees or contractors. The clarification aims to address community concerns around transparency and governance. Wallet Activity Sparked Community Scrutiny The issue surfaced after onchain observers noticed a wallet executing sizeable HYPE trades, including a notable sell-off in November that coincided with heightened market volatility. Some community members speculated that the activity reflected insider behavior, fueling debate around transparency and internal controls. Hyperliquid’s leadership pushed back on that narrative, stressing that the address was wrongly assumed to be tied to the active team. Iliensinc stated that the individual behind the wallet no longer represents the project and that their actions should not be interpreted as reflecting Hyperliquid’s internal practices or values. Strict Trading Rules for Team Members In the same message, Hyperliquid outlined its internal policies around token trading. Current employees and contractors are prohibited from trading HYPE derivatives entirely, including both long and short positions. The rules are designed to eliminate conflicts of interest and ensure no one with privileged access can profit from non-public information. The platform also enforces a blanket ban on the use…

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Filed under: News - @ December 22, 2025 10:28 am