Derived from Coinrise, Hyperliquid, a decentralized derivatives exchange, has moved $90 million worth of HYPE tokens from staking to the spot market, involving 2.6 million tokens. Observers suggest the move may reflect changes in treasury or liquidity management, amid concerns about liquidity availability during market volatility. The exchange has not yet explained the reason behind the transfer, but analysts speculate it could be part of a strategy to balance reserves or improve market depth. Despite the concerns, Hyperliquid's trading volume has increased by 45% to $1.61 billion, with open interest rising over 4% to $1.48 billion. Institutional interest in HYPE is also growing, with Robinhood adding the token in October and 21Shares proposing a new ETF to track its performance.
Hyperliquid Moves $90M HYPE Tokens Amid Liquidity Concerns
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