Whale Unstakes $170M in HYPE After Eight Months 

An unidentified entity has unstaked 2.92 million HYPE tokens worth approximately $170.1 million, according to on-chain data. The withdrawal was carried out through two wallets—0xcef1 and 0x90b3—that are believed to be controlled by the same holder.

Following the transaction, both wallets no longer have any HYPE deposited in the staking contract, ending an eight-month staking period. 

The unstaking comes with HYPE trading at $58.68, about 23.7% below its all-time high of $76.87, reached on June 16, 2026.

Source: Onchain Lens