COINOTAG News, November 29, citing MLM Monitor, reported activity surrounding the HYPE token suite managed by the HyperLiquid team. Of the 2.6 million HYPE tokens initially unstaked (valued at about $91 million), 854,254 were restaked within the same wallet, worth roughly $29.9 million. The team subsequently moved 1,745,746 HYPE tokens (≈$61.1 million) to 29 newly created wallets.
To date, 609,100 HYPE tokens (≈$21.3 million) have transferred from 10 of these wallets to Flowdesk, described as an OTC off-exchange trading institution. In four wallets, an additional 234,600 HYPE tokens (≈$8.2 million) were restaked, while the remaining 15 wallets collectively hold about 902,000 HYPE tokens (≈$31.6 million) with no observed activity.
Source: https://en.coinotag.com/breakingnews/hype-token-activity-hyperliquid-restakes-854254-hype-transfers-1-745m-hype-to-29-wallets-and-sends-609100-hype-to-flowdesk
