Kain Warwick, the founder of Synthetix, has made headlines with a major trade. Using wallet 0xed4, which is believed to be his, Warwick sold 10,000 vested ILV tokens, worth $300,000. The transaction involved converting the ILV to 93 WETH, swapping WETH for 300,000 USDC, and then bridging the stablecoins to Hyperliquid. There, he purchased 13,768.6 HYPE tokens at an average price of $21.77. Despite this notable sale, Warwick continues to hold 25,000 ILV tokens in his wallet, currently valued at $817,000. This indicates that while he is diversifying his portfolio, he maintains confidence in Illuvium’s long-term potential. Hyperliquid Assistance Fund
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