🚨 $HYPE — ~$90M UNSTAKING ALERT
🔴 Short-term bearish risk | Importance: HIGH
A major follow-up after the Binance listing:
Five large wallets have started unstaking a combined 983,600 HYPE, currently worth around $90.44M.
The largest wallet alone is unstaking 391,800 HYPE (~$36M).
⏳ These tokens have a 7-day waiting period and are expected to become liquid around October 1. Until then, they cannot be sold, transferred, or re-staked.
⚠️ Important: Unstaking ≠ selling.
There is currently no evidence that these whales intend to sell.
Meanwhile, Hyperliquid continues its buyback & burn program. Over the past 24 hours, around 34,280 HYPE (~$3.26M) was bought back and burned, bringing the total burn to approximately 48.89M HYPE.
📅 October 1 could be an important date for HYPE.
If these ~984K HYPE start moving toward exchanges after becoming liquid, that could create stronger short-term selling pressure.
If the tokens remain idle or are re-staked, the potential sell-pressure risk could decrease significantly.
Watch the wallets. 👀
#hype #hyperliquid #Market_Update #CryptoNews #FutureTradingSignals
🔴 Short-term bearish risk | Importance: HIGH
A major follow-up after the Binance listing:
Five large wallets have started unstaking a combined 983,600 HYPE, currently worth around $90.44M.
The largest wallet alone is unstaking 391,800 HYPE (~$36M).
⏳ These tokens have a 7-day waiting period and are expected to become liquid around October 1. Until then, they cannot be sold, transferred, or re-staked.
⚠️ Important: Unstaking ≠ selling.
There is currently no evidence that these whales intend to sell.
Meanwhile, Hyperliquid continues its buyback & burn program. Over the past 24 hours, around 34,280 HYPE (~$3.26M) was bought back and burned, bringing the total burn to approximately 48.89M HYPE.
📅 October 1 could be an important date for HYPE.
If these ~984K HYPE start moving toward exchanges after becoming liquid, that could create stronger short-term selling pressure.
If the tokens remain idle or are re-staked, the potential sell-pressure risk could decrease significantly.
Watch the wallets. 👀
#hype #hyperliquid #Market_Update #CryptoNews #FutureTradingSignals
