$40 Million in HYPE Unstaking as Kinetiq Launch Nears, Market Shows Bearish Signals

• Over $40M in HYPE is being unstaked ahead of Kinetiq’s Hyperliquid debut.
• Whale activity signals strong demand for Kinetiq’s liquid staking innovation.
• HYPE shows bearish momentum as traders reposition before July 15 launch.

In anticipation of Kinetiq’s debut on the Hyperliquid platform on July 15, over $40 million worth of HYPE tokens are currently being unstaked. This strategic move, largely led by three major whale wallets, is reshaping sentiment across the Hyperliquid ecosystem.

According to data from Messari, a total of 1 million HYPE tokens are being withdrawn from staking pools, with 847,000 of those tokens (worth about $33.5 million) coming from these three key addresses. This shift is occurring during the seven-day unstaking window and signals strong institutional interest in Kinetiq, a novel liquid staking protocol built for the next phase of DeFi.

What Is Kinetiq, the New Protocol Driving the Rotation?

Kinetiq is designed to bring new functionality to Hyperliquid, the leading decentralized perpetuals platform. It introdu…

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