🚨 Over 8M $HYPE is now sitting in the 7-day unstaking queue, worth roughly $464M. But unstaking does not automatically mean selling. Some tokens may be sold, but others can be restaked, moved to custody, used for OTC, arbitrage, redemptions, or wallet rotation. The main wallets to watch: @Kinetiq_xyz: likely $kHYPE redemptions Galaxy: likely institutional inventory / OTC flow Loracle: the most sensitive one, given the large $HYPE short Syncracy: still publicly bullish, could be treasury management Anonymous short wallet: could be margin or partial selling Don’t read the full 8M $HYPE queue as instant sell pressure. What matters is where the tokens go after they exit the queue.
HodlFMShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.