UNSTAKED $331M WORTH OF $HYPE . Big movement from HyperLabs today. About 3.75M HYPE, worth roughly $331.4M, was unstaked around 9 hours ago. The tokens are reportedly being distributed to team members, with part of the allocation expected to be sold through OTC deals.
But not all of it is sitting idle. On-chain data shows 1.25M #HYPE ($110.57M) has already been restaked, while another 1.875M HYPE is sitting in one wallet and 625K #hype ($54.88M) in another.
So the full picture looks more like a reshuffle than an instant dump... still, with hundreds of millions in HYPE involved, this is one to keep watching.
Here are the must noted addresses:
0x875783b13e6157e8fb70985c9602afa18e7a31d1 — 1.875M HYPE
0x3277b4dAD0fc28B9A4dbd64b7f62E2F73F121BDF — 625K HYPE
0x43e9abea1910387c4292bca4b94de81462f8a251 — HyperLabs address
But not all of it is sitting idle. On-chain data shows 1.25M #HYPE ($110.57M) has already been restaked, while another 1.875M HYPE is sitting in one wallet and 625K #hype ($54.88M) in another.
So the full picture looks more like a reshuffle than an instant dump... still, with hundreds of millions in HYPE involved, this is one to keep watching.
Here are the must noted addresses:
0x875783b13e6157e8fb70985c9602afa18e7a31d1 — 1.875M HYPE
0x3277b4dAD0fc28B9A4dbd64b7f62E2F73F121BDF — 625K HYPE
0x43e9abea1910387c4292bca4b94de81462f8a251 — HyperLabs address