Over the next five days, more than 3.2 million HYPE tokens will be unstakinged, worth over $75 million.

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MarsBit
01-19
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According to Mars Finance, on January 19th, on-chain analyst @Pedr0_DC reported that over 3.2 million HYPE tokens will be unstaking within the next five days, and these tokens are likely to be sold. Specifically, Continue Fund will unstake 1.2 million HYPE tokens on January 21st, while a large entity funded by Tornado Cash will unstake 1.5 million HYPE tokens and will begin receiving these tokens tomorrow. Additionally, Trove, which has recently been embroiled in controversy, is also unstaking 380,000 HYPE tokens.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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