The $HYPE unstaking queue is growing rapidly. More than 6.96M $HYPE (~$400M) is currently scheduled to unlock over the next 7 days. Even after Multicoin publicly stated they have no intention of selling, those are still just words. We’ll only know for sure once the tokens are staked again. Paradigm has yet to comment on its unstake. They’re one of the largest $HYPE holders and have made similar unstaking moves in the past. As for Selini Capital, a sale seems like the most likely outcome given the shutdown of DreamCash. We truly have a massive week ahead. Don’t try to predict what VC funds will do. Reduce your leverage, focus on spot, and let the noise play out. Monitoring the situation.
Over $365M in $HYPE is set to unlock over the next 7 days. The big guys decided to have some fun with us. Following Multicoin, Paradigm has now initiated the unstaking of 2.92M $HYPE (~$171M) across two wallets. https://hypurrscan.io/address/0x90b38c5728f184c87ef46479cf7b402d7b98b98a#txs https://hypurrscan.io/address/0xcef1c075dbfe6b2d774c74a8b94e8350e9b42c25#txs I’m hoping this turns out to be similar to the Multicoin situation, that they’re simply rotating wallets or making internal operational changes. At this stage, I don’t see a compelling reason for Paradigm to sell its $HYPE position. Stay liquid.
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