PANews reported on March 14 that according to monitoring by on-chain analyst @ai_9684xtpa, the "Hyperliquid 50x Whale" began selling PAXG in exchange for USDC, and planned to increase its LINK spot positions again.

He has currently liquidated 1,056 PAXGs, worth $3.18 million, and then opened a LINK limit buy order on CowSwap.