Trade.xyz transferred $3.25 million and bought 59000 HYPE coins

According to MLM monitoring, the Trade.xyz fee receiving wallet transferred $3.25 million from the perpetual contract fee wallet to the spot account and began buying approximately 59000 HYPEs worth around $3 million through the TWAP strategy. On August 5th, Trade.xyz transferred 250000 USDC from the perpetual contract fee wallet to the spot account and used approximately 110000 USD to purchase 2000 HYPE, which were then used to purchase HIP-3 Ticks.