Hyperliquid Set to Unstake $415M Worth of HYPE Over the Next 7 Days 

A total of 6.93 million HYPE tokens, valued at approximately $415.2 million, are scheduled to be unstaked from the Hyperliquid network over the next seven days, with the largest portion expected on July 30. 

Roughly 3.30 million HYPE, worth about $197.53 million at current prices, is set to be unstaked on July 30 alone. The release ranks among the largest single-day unstaking events in Hyperliquid’s history.

The upcoming unstaking schedule coincides with renewed weakness in the token’s market price. HYPE declined 8.5% over the past 24 hours and was trading at $54.94 at the time of writing.

Large-scale unstaking events are closely monitored by market participants, as they can increase the amount of tokens available for transfer or potential sale. However, unstaking does not necessarily indicate that holders intend to sell.

Source: Onchain Lens