Taiwanese music celebrity Jeffrey Huang, known as Machi Big Brother, sold all his Hyperliquid HYPE tokens for a total loss of $4.45 million after holding them worth $25.8 million. This decision was influenced by concerns regarding the token's upcoming vesting schedule, anticipated to start on November 29, which could worsen supply pressure with a significant amount of tokens slated for release. Despite realizing these losses, Machi still holds over $117 million in Ether and a sizable position in another token, PUMP. Furthermore, Hyperliquid's market share for perpetual futures has dropped from 65% in mid-July to 33%, signaling rising competition from other decentralized exchanges such as Aster and Lighter. Industry experts suggest that the future landscape of decentralized exchanges will hinge on addressing challenges related to liquidity, product design, and blockchain performance, as well as evolving user behaviors.

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