HYPE is set to release 950,000 on-chain chips in the next 24 hours, with three major addresses expected to receive a total of $55 million worth of on-chain chips.
BlockBeats News, August 26th. According to TradingBeats monitoring, in the next 24 hours, approximately 954,400 HYPE will end the 7-day staking withdrawal waiting period and be transferred to the spot account, with a calculated value of approximately $78.094 million. Currently, there are still about 3.2252 million HYPE in the withdrawal queue, worth about $264 million.
Based on the official rules of Hyperliquid, HYPE requires a 7-day waiting period to transfer from the staking balance back to the spot account. In the next 24 hours, the three addresses with the largest incoming amounts will receive a total of approximately 676,900 HYPE, worth about $55.382 million, accounting for about 70.9% of the incoming amount during the same period.
Among them:
- 0x0f99: Approximately 300,700 HYPE will arrive tomorrow morning, worth about $24.598 million, and its current staking balance has been almost cleared;
- 0x393d: Approximately 206,500 HYPE will arrive tomorrow noon, worth about $16.899 million. This address is the Kinetiq StakingManager, and this fund movement is closer to protocol redemption and liquidity management;
- 0x82b0: Approximately 169,700 HYPE will arrive tomorrow afternoon, worth about $13.885 million, and its staking balance has also been reset to zero.
In addition, an address starting with 0x16a initiated two staking balance to spot withdrawal requests last night, totaling approximately 124,900 HYPE; combined with previous applications, there are currently a total of 244,900 HYPE, worth about $20.035 million, in the 7-day withdrawal queue, which will be gradually transferred to the spot account on August 30th and September 1st.
Primary withdrawal addresses:
0x0f991873aab3e14191978946d48f30f624ae9867
0x82b02bd42b8a837228181ea34bf0679a51a37e39
0x16a4814e8eb502c56cebd73f9c8ac7fdee29c042
Protocol address:
0x393d0b87ed38fc779fd9611144ae649ba6082109
