Grayscale files 8-K for Hyperliquid staking ETF as $340M HYPE unlock hits
- —Grayscale filed an 8-K with the SEC for its Hyperliquid staking ETF, part of an existing process rather than a new application
- —3.75 million HYPE worth $340 million unlocked on October 6
- —A whale accumulated 158,780 HYPE worth $13.08 million in a month, including 54,020 HYPE worth $5.13 million withdrawn from Coinbase Prime
- —HYPE spot netflows turned negative at -$4.58 million over 24 hours
Why it matters: The $340 million unlock adds to HYPE's circulating supply, but whale accumulation and exchange outflows could support price if it breaks the $94.91 resistance.
Source: AMBCrypto