Selini Capital founder refutes rumors of selling HYPE and does not believe that Paradigm or Multicoin are selling their HYPE holdings.

```htmlJinse Finance reported that on July 29, in response to rumors that a Selini Capital-linked wallet transferred 495,000 HYPE tokens to an exchange for sale, Selini Capital founder Jordi Alexander denied the claims, stating that Selini Capital would not be used to "dump the price." Selini Capital uses HYPE tokens in many aspects of the ecosystem—staking wallet transaction fees, market making and arbitrage on HyperEVM, HYPE bidding, and more. Jordi Alexander also added that he does not believe Paradigm and Multicoin are selling their HYPE holdings. His personal view is that HYPE's current valuation is reasonable based on fundamentals. The main upside relies on whether the impressive traditional finance trading volumes can translate into stronger fee income, though there are still many unresolved issues along the way.```