Did ‘insider’ secretly short Robinhood on Hyperliquid?
The trader(s) at the center of the allegations are wallets ending in 177D, bc7b, acf9, and their various sockpuppets. They first transacted on July 16, 2025, and have gained attention from various Hyperliquid commentators. Critics claim that the trader gained advance knowledge of Robinhoods earnings results this week, secretly opening a directional bet against the stock via crypto exchanges to avoid actual stock short-sales that might have exposed them to greater regulatory scrutiny. Robinhood trading correlation versus causation Thoroughly convinced of the accusation that correlation equals causation, a researcher posted a thread about wallets that were funded by Robinhood withdrawals that subsequently traded on Hyperliquid and MEXC wallets ahead of Robinhood-related listing announcements. Even though funds for some of the wallets trace to Coinbase, the researcher emphasized Robinhood-derived withdrawals and Robinhood-related news to allege the “insider” and even “employee” frame which is now circulating on social media. However, correlation doesnt necessarily equal causation, and the bridge between suspicious trading and wallets actually belonging to a Robinhood employee relies on thin evidence. SEC insider trading ban Robinhood, like any public company, has a formal insider trading policy, outlined in the companys SEC filings. The policy prohibits covered persons from trading Robinhood securities on material, non-public information, and from holding