On November 17, 2025, the Director of Cypherpunk Technologies, James Cavanaugh, sold 261,840 shares of common stock via HCV VIII Liquidating Trust at a price of $3.14 per share. This sale was part of a liquidating distribution related to the wind-up of the entity, with prices ranging from $2.40 to $3.40. The sale of a large quantity of shares is usually viewed as a bearish signal which could place downward pressure on the stock price. Investors should closely monitor this development.