<ul data-eligibleForWebStory="false"><li>Approximately 1 million HYPE tokens, valued at around $40 million, were unstaked following an announcement of an upcoming project launch.</li><li>The majority of the withdrawn tokens came from three large wallets, totaling over 847,000 HYPE, indicating strategic positioning by whales ahead of the new project's features.</li><li>The launch of Kinetiq closely follows Hyperliquid's recent CoreWriter Contracts upgrade, with the new staking protocol offering liquid staking functionality, prompting the movement of funds from standard staking pools.</li><li>With Hyperliquid experiencing rapid growth and dominance in decentralized futures trading, anticipation is high for Kinetiq's launch on July 15, marking a significant milestone for the ecosystem.</li></ul>

HYPE Holders Shift Funds as New Project Prepares to Launch

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