According to Onchain Lens, over the past several months, four wallets collectively withdrew 675,000 HYPE from Coinbase, valued at approximately $53.92 million. The funds were subsequently transferred to Hyperliquid and staked, with the total staked value of HYPE in these wallets now exceeding $50 million.
Four wallets withdraw $53.92M HYPE from Coinbase and stake on Hyperliquid
TechFlowShare
Summary
On-chain data reveals that four wallets have withdrawn 675,000 HYPE tokens, worth approximately $53.92 million, from Coinbase over the past few months. The tokens were transferred to Hyperliquid and staked, bringing the total staked value above $50 million. Crypto news platforms such as TechFlow tracked the movement, highlighting substantial activity within the HYPE token project.
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