Hyperliquid-Linked Wallet Moves 2.6M HYPE Tokens Worth $90.18M to Spot
A wallet associated with HyperLabs transferred 2.6 million HYPE tokens valued at $90.18 million from staking to a spot wallet on November 29 at 12:32 UTC+8. The transaction originated from address 0x43e9abea1910387c4292bca4b94de81462f8a251, HypurrScan data show. Following the transfer, HYPE funding rates turned negative, reflecting increased caution among traders despite no confirmed selling activity.