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Hyperliquid Transfers $411M in HYPE to Hypercore

Published by
Sohrab Khawas

Hyperliquid Strategies has transferred 12 million HYPE tokens to Hypercore, a move worth $411 million. This shift represents 1.2% of the total HYPE supply and 3.54% of the circulating supply. Alongside this major transfer, the company has also started staking activities. Around 425,000 HYPE tokens, valued at roughly $14.5 million, were moved into the staking balances of three different wallets. These actions signal growing activity and strategic repositioning within the Hyperliquid ecosystem.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

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