The entity has undelegated 631,889 HYPE tokens in the past three days, equivalent to approximately $20.3 million.

BlockBeats News, January 2nd, according to MLM Monitor, a certain entity, after being dormant for over 12 months, has unstaked 631,889 HYPE (approximately $20.3 million) through three different wallets in the past three days.

All HYPE held by this entity was purchased within three weeks after the TGE ended, with the funds coming from Tornado Cash. It holds a total of over 4.36 million HYPE, with the amount unstaked this time representing approximately 14% to 15% of its total holdings.