The Hyperliquid team wallet has unstaked 2.6 million HYPE and conducted small-scale selling and transfer tests.
ChainCatcher news, according to on-chain data monitoring, the Hyperliquid team wallet (0x43...a251) redeemed 2.6 million HYPE (approximately 90.18 millions USD) from staking to its spot account today at 12:32. The latest transaction records show that this address subsequently executed a spot sell of 1 HYPE, as well as multiple transfers of 1 HYPE each to different addresses, suspected to be testing related functions. Currently, this wallet still holds about 240 millions HYPE in staking status.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Netflix (NFLX.US) downgraded twice in one week: HSBC cites YouTube competition, Wells Fargo concerns about engagement and content strategy
HSBC analyst Mohamed Kalouf downgraded the rating of streaming giant Netflix (NFLX.US) from "Buy" to "Hold," and lowered the target price by 21% to $76.
Canadian Dollar seems vulnerable as Iran diplomacy hopes weigh on oil prices
Australian Dollar remains under pressure as PMI slows

