Hyperliquid transfers all 12 million HYPE to Hypercore and begins staking

2025-12-05 00:57:09

Hyperliquid Strategies Inc (PURR) has just transferred all their HYPE contributions to Hypercore, fully disclosing all related wallets. In this large transaction, a total of 12 million HYPE, worth approximately $411 million, was moved from HyperEVM to Hypercore, distributed across 32 different wallets. This move demonstrates absolute transparency regarding the tokens held by the company.

After the transfer, Hyperliquid started staking a portion of the tokens. Specifically, 425,000 HYPE, worth about $14.5 million, was added to the staking balances of three wallets. This action reflects strong confidence in the Hypercore platform and a proactive strategy to leverage HYPE for staking rewards. It is considered a positive signal for the token’s utility and organizational support as the company consolidates its assets and directly participates in Hypercore’s staking ecosystem.

HYPE-10.34%

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