Based on AMBCrypto, the HyperLiquid team has unstaked 2.6 million HYPE tokens worth $89.2 million and redistributed the funds across multiple wallets. While $37.4 million remains staked and $30.9 million is in reserves, the team also sent $20.9 million to Flowdesk and sold 1,200 HYPE for $41,193.45 USDC. The move has raised questions about whether it reflects a strategic liquidity adjustment or a sign of panic. On-chain data suggests a long-term bullish outlook, with HYPE whales continuing to accumulate tokens, indicating confidence in the asset’s medium-term potential.
HyperLiquid Team Unstakes $89.2M HYPE, Sparks Debate on Strategy or Panic
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