A suspicious address cluster on Hyperliquid has been identified by chain analyst MLM, holding approximately 4.36 million HYPE tokens valued at $158.2 million. This cluster, consisting of 47 newly created wallets, ranks among the top 10 HYPE holders. The wallets are suspected to have been funded by TornadoCash, receiving a total of 10,200 ETH. These wallets acquired HYPE tokens at an average price of $8.8 and remained inactive for over three years. They became active on November 30, 2024, a day after HYPE's token generation event (TGE), and quickly amassed HYPE tokens, now holding over $120 million in unrealized gains.