📰 A redemption of 433,000 HYPE by HyperLabs, the Hyperliquid development team, has now arrived.
This redemption was submitted 7 days ago, arrived 12 hours ago, and was then transferred to 11 addresses 9 hours ago. The amount is not small; converted to dollars, it is about $38.14 million, no wonder on-chain monitors singled it out.
🔥 But this time it doesn’t look like a sudden sell-off; it looks more like a regular transfer of staking rewards. HyperLabs now unstakes and transfers a little over 400,000 HYPE every month, basically matching that month’s interest income.
To be honest, this pace has already become fairly regular. It holds 241 million HYPE, and based on on-chain data, the daily staking interest is about 14,400 HYPE. Over a month, that adds up to exactly the amount transferred out each month.
💡 So looking at this transfer alone, the key point is not just “how much was transferred,” but whether it continues the previous pattern of monthly interest transfers. At this point, the answer is basically yes: after the redemption arrived, it was distributed to 11 addresses, which is more consistent with a fixed-income transfer.
🤔 Do you think this kind of monthly release and transfer of HYPE will put pressure on the market, or has it already been treated as a normal income distribution?
#HYPE #Hyperliquid #链上数据 #stakingrewards
This redemption was submitted 7 days ago, arrived 12 hours ago, and was then transferred to 11 addresses 9 hours ago. The amount is not small; converted to dollars, it is about $38.14 million, no wonder on-chain monitors singled it out.
🔥 But this time it doesn’t look like a sudden sell-off; it looks more like a regular transfer of staking rewards. HyperLabs now unstakes and transfers a little over 400,000 HYPE every month, basically matching that month’s interest income.
To be honest, this pace has already become fairly regular. It holds 241 million HYPE, and based on on-chain data, the daily staking interest is about 14,400 HYPE. Over a month, that adds up to exactly the amount transferred out each month.
💡 So looking at this transfer alone, the key point is not just “how much was transferred,” but whether it continues the previous pattern of monthly interest transfers. At this point, the answer is basically yes: after the redemption arrived, it was distributed to 11 addresses, which is more consistent with a fixed-income transfer.
🤔 Do you think this kind of monthly release and transfer of HYPE will put pressure on the market, or has it already been treated as a normal income distribution?
#HYPE #Hyperliquid #链上数据 #stakingrewards
