Hyperliquid Moves 2.6 Million HYPE Tokens Worth $90.18 Million to Spot Wallet

The Hyperliquid team transferred 2.6 million HYPE tokens valued at $90.18 million from staking to a spot wallet, data show. HYPE traded at $35.47 at press time, down 0.8% daily but up 7.03% weekly. Despite the transfer and a $344 million cliff unlock, whale demand remained steady with negative spot netflow of -$7.87 million indicating continued accumulation.