Hyperliquid News: HYPE Whales Unstake Millions as Protocol Revenue Tops $1.21 Billion

Published by

Nidhi Kolhapur

July 31, 2026

Hyperliquid HYPE coin on falling red candlestick chart.

Hyperliquid is drawing attention after large HYPE holders unstaked millions of tokens, including one wallet that withdrew 1.02 million HYPE and another that transferred 1.89 million HYPE worth about $105.9 million to institutional brokers, a move often associated with over-the-counter sales. Despite the whale activity, the protocol generated $1.18 million in daily fees and burned 18,180 HYPE tokens, helping lift total revenue above $1.21 billion while removing 47.5 million HYPE from circulation.

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