Hyper Foundation Unstakes 100,000 HYPE Tokens Worth Nearly $2.9 Million

Hyper Foundation Unstakes 100,000 HYPE Tokens

According to on-chain analytics, a budget wallet linked to the Hyper Foundation recently unstaked 100,000 HYPE tokens, valued at roughly $2.9 million. This event has reignited discussions around the movement of funds tied to the project.

History of Operational Funding via Unstaking

Records show that the wallet has previously unstaked HYPE tokens on four separate occasions to cover operational costs. So far, a total of approximately 384,000 HYPE tokens have been unstaked, equivalent to around $11 million at the time of those transactions, with the last event occurring roughly seven months ago.

Unrelated to Scheduled Token Releases

Importantly, this latest unstaking activity is not tied to any team token unlock schedule or predefined release event, indicating it was purely a routine operational decision by the foundation.