hype$HYPE — Large Addresses Begin Unstaking

Multiple large addresses began unstaking HYPE on September 24. Five addresses initiated unstaking of approximately 983,600 HYPE, worth around $90.44M.

The tokens are not immediately available for selling. Hyperliquid’s unstaking process includes a 7-day waiting period before HYPE enters Spot Balance.

The key point to watch is whether these tokens later move to exchanges or remain in wallets. On-chain activity could influence short-term volatility. 📊

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