⚠️Major on-chain movement | HyperLabs unstaked 3.75 million $HYPE , worth approximately $331.4 million in total, for team allocation and plans to sell via OTC trades.
On-chain breakdown:
✅1.25 million tokens ($110.57 million) have been restaked;
✅1.875 million tokens transferred to wallet 0x8757;
✅625,000 tokens transferred to wallet 0x3277 (2.5 million tokens remain to be disposed of in total).
Using OTC trades avoids directly dumping tokens on exchange order books, but selling pressure is still expected over the medium to long term. Closely monitor subsequent transfers.
$HYPE
On-chain breakdown:
✅1.25 million tokens ($110.57 million) have been restaked;
✅1.875 million tokens transferred to wallet 0x8757;
✅625,000 tokens transferred to wallet 0x3277 (2.5 million tokens remain to be disposed of in total).
Using OTC trades avoids directly dumping tokens on exchange order books, but selling pressure is still expected over the medium to long term. Closely monitor subsequent transfers.
$HYPE