Four addresses withdraw 675,000 HYPE from Coinbase and stake over $53.92 million on Hyperliquid.

iconKuCoinFlash
Share
AI summary iconSummary
On-chain data reveals that four addresses have withdrawn 675,000 HYPE from Coinbase over recent months. The tokens were transferred to Hyperliquid and staked, with their total value now exceeding $53.92 million. Crypto news platforms such as Odaily tracked the movement, highlighting ongoing activity between major exchanges and decentralized platforms. The staked amount underscores sustained interest in the HYPE token.

Odaily Planet Daily reports, according to Onchain Lens monitoring, four addresses collectively withdrew 675,000 HYPE from Coinbase over the past several months, transferred the funds to Hyperliquid, and completed staking; the total value of HYPE staked by these four addresses now exceeds $50 million.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.