According to CoinMeta, based on early monitoring of in, the wallet that receives trade.xyz transaction fees transferred $3.25 million from the perpetual contract fee wallet to the spot account and began to buy approximately 59,000 HYPE using the TWAP strategy, worth about $3 million. On August 5th, trade.xyz transferred 250,000 USDC from the perpetual contract fee wallet to the spot account and used about $110,000 of this amount to buy 2,000 HYPE, which were then used to purchase HIP-3 ticker.