DeFi· ★★★★· bearish·

HyperLabs unstakes 3.75M HYPE worth $337.5M

  • —HyperLabs requested unstaking of 3.75M HYPE worth $337.5M
  • —Tokens will be available on October 7 after a 7-day unbonding period
  • —Funds are expected to be sent to market maker Flowdesk
  • —The move repeats Hyperliquid team's monthly unstaking pattern
Why it matters: A large unstaking and transfer to a market maker could add selling pressure on HYPE in the coming days.
#HYPE
Source: PANews
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