Huo Xing Cai Jing reports that on July 21, Selini Capital requested to unstake 504,000 HYPE tokens, worth $31.7 million. This address deployed the HIP-3 Dreamcash market. Following the announcement of the market’s closure, Selini is unstaking the HYPE tokens required for deploying and maintaining the market, having earned nearly $20 million from this “investment.”
Selini Capital unstakes 504,000 HYPE worth $31.7M
MarsBitShare
Summary
On July 21, Selini Capital unstaked 504,000 HYPE tokens, worth $31.7 million. The address had previously deployed the HIP-3 Dreamcash market, which has since been closed. Selini earned nearly $20 million from this deployment. With the market no longer active, this move signals a shift in altcoins to monitor amid a volatile Fear & Greed Index. The unstaking aligns with a broader trend of liquidity reallocation across the DeFi ecosystem.
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