Multiple whales collectively unstake nearly one million HYPE tokens, entering a seven-day waiting period.

BlockBeats news, September 24th, according to TradingBeats monitoring, multiple large addresses collectively initiated HYPE unstaking today. Excluding the Kinetiq staking management address, 5 addresses collectively initiated unstaking of approximately 983,600 HYPE, worth about $90.44 million. Among them:

0x8b...d914 initiated unstaking of 391,800 HYPE, approximately $35.99 million;

0x0a...b0ad unstaked 209,600 HYPE, approximately $19.24 million;

0x15...d3fd unstaked 146,400 HYPE, approximately $13.46 million;

0x55...c32a unstaked 135,700 HYPE, approximately $12.46 million;

0xd2...8321 initiated unstaking of a total of 100,100 HYPE across 6 operations, approximately $9.29 million.

It should be noted that these operations are all "initiating unstaking" and do not mean that HYPE has returned to a tradable balance. Hyperliquid's native staking process requires users to first unstake from validators, then initiate a transfer from Staking Balance to Spot Balance; this waiting period is 7 days, after which HYPE will enter the spot balance. Therefore, this batch of HYPE currently cannot be sold, transferred, or restaked. The above 5 verifiable addresses collectively initiated operations around 12:33 on September 24th, and are expected to unlock at the same time on October 1st.