
Hyperliquid's HYPE Token Drops Amid Large Fund Unstaking
Hyperliquid's HYPE token fell 8% to ~$58 as crypto funds, including Multicoin Capital ($116M), Selini Capital ($4.4M), and Galaxy Digital ($29.4M), queued nearly $150 million in HYPE for unstaking. This large withdrawal queue dwarfs the thin spot market, raising concerns about potential sales, though Multicoin denies selling intent.















