According to Lookonchain monitoring, a wallet cluster suspected to be associated with Bitkub co-founder and former chairman Sakolkorn Sakavee has removed privacy protection and transferred a total of 34,100 ZEC to Hyperliquid in the past 24 hours, worth approximately $26.1 million.

Subsequently, the address has sold 24,100 ZEC, worth about $18.5 million, and purchased 238 BTC. Currently, there are still about 10,000 ZEC on Hyperliquid, valued at approximately $7.6 million, with related sell orders priced around $780. Note: This is currently only a speculation about wallet associations by the on-chain data analysis platform, and there is no official information confirming that these addresses belong to Sakolkorn Sakavee.