HYPE token at 0xcf5104d094e3864cfcbda43b82e1cefd26a016eb fell more than 83% in seven hours after seven wallets dumped 249 million tokens and extracted $31.3 million in ETH and BNB. The selling pressure originated from roughly 300 addresses that unlocked tokens two weeks earlier or received allocations eleven months ago, with gas topped up from Gate and Bybit three weeks prior. Project statements blamed a foundation member private-key leak, yet the coordinated collection and timing point to internal control rather than external theft. On-chain data tracked by Arkham shows the wallets moved tokens in a pattern inconsistent with random compromise.