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Significant HYPE Token Movements: 2.6M Unstaked and Transferred to Flowdesk
11/29/2025, 09:36
11/29/2025, 10:06
AI SUMMARY
●2.6M HYPE ($91M) unstaked, with substantial portions moved to new wallets.
●$21.3M worth of HYPE transferred to market maker Flowdesk, suggesting liquidity moves.
●Remaining funds were partially restaked or are currently held in new addresses.
On-chain monitoring has detected significant activity involving HYPE tokens. A large holder has unstaked 2.6 million HYPE (approximately $91 million), initiating a series of transfers that suggest liquidity provision or preparation for sales. Out of this total, roughly 1.75 million HYPE was moved to 29 new wallets.
Most notably, 609,100 HYPE ($21.3 million) from 10 of these wallets was subsequently transferred to the market maker Flowdesk. The remaining funds show a mixed strategy: approximately 234,600 HYPE was restaked from 4 wallets, while the remaining 15 wallets continue to hold their balances.
[Update 1] Additional on-chain data clarified the distribution: the 2.6M unstaked tokens were split, with ~1.75M moving to new addresses before the partial transfer to Flowdesk and restaking activities occurred.