Huo Xing Cai Jing reports that on September 24, according to TradingBeats monitoring, multiple large addresses collectively initiated HYPE unstaking today. Excluding the Kinetiq staking management address, five addresses collectively initiated the unstaking of approximately 983,600 HYPE, valued at around $90.44 million. Specifically: - Address 0x8b...d914 initiated unstaking of 391,800 HYPE, equivalent to approximately $35.99 million; - Address 0x0a...b0ad unstaked 209,600 HYPE, equivalent to approximately $19.24 million; - Address 0x15...d3fd unstaked 146,400 HYPE, equivalent to approximately $13.46 million; - Address 0x55...c32a unstaked 135,700 HYPE, equivalent to approximately $12.46 million; - Address 0xd2...8321 initiated unstaking of 100,100 HYPE across six transactions, equivalent to approximately $9.29 million. It is important to note that these actions represent the initiation of unstaking only and do not indicate that HYPE has been returned to tradable balances. Hyperliquid’s native staking process requires users to first unstake from validators, then initiate a transfer from Staking Balance to Spot Balance; this waiting period lasts seven days, after which HYPE will be credited to the spot balance. Therefore, these HYPE tokens cannot currently be sold, transferred, or re-staked. The five verifiable addresses above collectively initiated these operations around 12:33 UTC on September 24 and are expected to be fully unlocked at the same time on October 1.
Multiple whale addresses begin unstaking nearly 1 million HYPE tokens
MarsBitShare
Summary
Whale activity on the HYPE blockchain saw multiple large addresses begin unstaking nearly 1 million tokens on September 24. According to MarsBit, five verifiable addresses initiated the move, with the largest, 0x8b...d914, unstaking 391,800 HYPE worth $35.99 million. Whale movement totaled 983,600 HYPE, valued at approximately $90.44 million. The tokens will undergo a 7-day waiting period and unlock for trading on October 1.
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