Hyperliquid Whales Unstake Millions Amid Protocol Revenue Surge

Hyperliquid is making headlines as whales begin to unstake millions of HYPE tokens. One wallet withdrew 1.02 million HYPE, while another transferred 1.89 million HYPE worth approximately $105.9 million to institutional brokers.

This move is often associated with over-the-counter sales and has sparked interest in the protocol's recent activity. Despite this, Hyperliquid generated $1.18 million in daily fees and burned 18,180 HYPE tokens.

As a result of these transactions, the total revenue for the protocol has surpassed $1.21 billion, with 47.5 million HYPE removed from circulation.