HyperCore moves 447,824 HYPE worth $39.56M to Kinetiq
- —447,824 HYPE worth about $39.56 million transferred
- —Transaction flagged by Whale Alert roughly 25 minutes before the report
- —Recipient is Kinetiq, a protocol tied to HYPE liquid staking
Why it matters: A large transfer to a staking protocol could signal preparation for token deployment and affect HYPE's circulating supply.
Source: PANews