Taiwanese music celebrity and well-known digital asset investor Jeffrey Fan, also known as “Matchie Big Brother,” sold all his high lipid holdings at a loss of millions of dollars amid growing concerns about the best future schedule of tokens.
Celebrity and popular Ape Yacht Club Collector sold $25.8 million worth of high lipid (hype) tokens, recognised a total loss of $4.45 million a few weeks later, according to blockchain data shared by BlockchainMLM on Tuesday in XPost.
The account also confiscated more than $19 million in unrealized profits over the past week.
Despite the increased losses, he maintained a long position of ether (ETH) of over $117 million and a pump (pump) of $28.4 million.
The sale raised alarms and profits on the token’s ability to absorb supply pressure following the $122 million whale withdrawal on Monday with hyped tokens.
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Analysts warn of $11.9 billion token unlock
On Monday, Maelstrom, a family office fund for Arthur Hayes, Bitmex co-founder, will face a “first true test” with tokens on November 29th, when the 24-month vesting schedule begins.
Best Schedule distributed $11.9 billion worth of hype tokens to team members, of which current buybacks only absorbed about 17% of that monthly supply, leaving $410 million in potential overhangs, said Maelstrom researcher Lukas Ruppert.
The study came out shortly after Hayes sold all of his hype tokens. He apparently had paid a new Ferrari deposit, Cointelgraf reported Monday.
Market share drops as rivals rise
Hyperliquid’s persistent futures market share is falling sharply than it unlocked. According to Dune data, the platform reduced just 33% of its market share in Decentralized Exchange (DEX) on Tuesday from 65% in mid-July.
According to Sarah Song, Head of Business Development at BNB Chain, Hyperliquid’s decline in market share is part of a “broader competitive cycle” that marks the evolutionary growth of DEXS.
“As sectors evolve, new models may be restructured to mean user behavior and platform positioning.”
The future DEX landscape will depend heavily on how the protocol addresses “basic challenges” such as provisions of sustainable liquidity and diverse collateral types, product design, and underlying blockchain performance, as cost-efficiency and latency for key adoption remain “critical constraints.”
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For the same two months, Aster’s market share rose from 1.3% to 20%, while writers rose from 12.8% to 17.1%.
On Thursday, Binance co-founder Changpeng Zhao-Linked decentralized, eternal, permanent exchange aster temporarily exceeded $2 billion in total locked total value, following the launch of the project’s Aster (Aster) token, Cointelegraph reported.
The hype token rose to a new all-time high of $59.29 on Thursday since Zhao posted Aster. The Hype token traded at $48.20 at the time of writing and fell roughly 9% on the weekly chart, Cointelegraph data shows.
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