ChainThink reports that, according to TradingBeats monitoring, approximately 954,400 HYPE tokens will complete their 7-day staking withdrawal waiting period and be transferred to spot accounts within the next 24 hours, with an estimated value of $78.094 million at current prices.
The three largest addresses collectively received approximately 676,900 HYPE tokens, valued at around $55.382 million, accounting for about 70.9% of the total incoming volume during the same period.
Currently, approximately 3.2252 million HYPE tokens remain in the withdrawal queue, valued at around $264 million. According to Hyperliquid’s rules, staking conversions to spot require a 7-day waiting period.
In the receiving addresses, 0x0f99 and 0x82b0 have been nearly emptied of their staked balances after unbonding; the subsequent movement of funds is worth monitoring.
0x393d is the Kinetiq StakingManager protocol address; this fund movement is more consistent with protocol redemptions and liquidity management.
Additionally, an address starting with 0x16a initiated two more staking-to-spot conversion requests last night, totaling approximately 124,900 HYPE. Combined with previous requests, a total of 244,900 HYPE (valued at approximately $20.035 million) are currently in the 7-day withdrawal queue, with funds expected to be released in batches on August 30 and September 1.