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Hyperliquid Denies Insider Trading Allegations Ahead of $10B HYPE Token Burn Vote

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HYPE
$24.459-0.83%
Hyperliquid Labs has denied insider trading claims after a community audit flagged a wallet shorting HYPE tokens. The address, linked to a former employee who left in Q1 2024, is not affiliated with current operations. The denial comes before a validator vote on December 24 that could see nearly $10 billion in HYPE tokens burned. Value investing in crypto remains a key strategy as market participants watch the outcome. TA for crypto analysts are also closely tracking on-chain activity ahead of the vote.
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