[Former Hyperliquid Employee Sells Over $3.3 Million in HYPE Spot Holdings This Month] On December 22, Coinbob monitoring revealed that a wallet address associated with a former Hyperliquid employee (0x7ae) has been consistently reducing its HYPE spot holdings this month. The position size has dropped from $5.85 million to $2.48 million, with a cumulative sale of over 70,000 tokens. The current holdings are approximately 98,200 tokens. Due to the decline in HYPE's price, the address has incurred a monthly loss of $1.43 million, with total account funds around $4.2 million. Additionally, the address holds a small HYPE short position at an average price of $24.17, with a floating loss of 43.5% and a position size of approximately $25,800. The Hyperliquid team stated that the address belongs to a former employee who was terminated in Q1 2024 and is now completely disconnected from Hyperliquid Labs. The individual's actions do not represent the team's standards or values.