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Hyperliquid’s $90M HYPE Token Movement Sparks Market Watch Ahead of Major Unlock

Hyperliquid’s $90M HYPE Token Movement Sparks Market Watch Ahead of Major Unlock

Author:

Global Cryptocurrency

Published:

2025-11-29 10:47:02

11

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BTCCSquare news:

Hyperliquid has shifted $90 million worth of HYPE tokens from staking to spot wallets, signaling potential market turbulence as a $314 million token unlock looms. The transfer, executed via ethereum address 0x43…a251, involved 2.6 million HYPE tokens and precedes today's scheduled release. While the HyperLabs wallet retains $8.36 billion in staked HYPE, the movement suggests preparatory actions for the unlock event.

Market analysts warn of possible selling pressure in the $34–$42 price range, with whale activity and redistribution patterns adding to volatility concerns. Despite team assurances of no immediate sales, traders are bracing for price swings as external transfers of 15,625 to 74,999 HYPE tokens continue. The wallet's incidental holdings of minor tokens like GPT and PURR underscore the complexity of the positioning.

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