A single entity has staked 1.49 million HYPE across eight wallets, with the position valued at about $88.2 million, according to on-chain monitoring by Onchain Lens. The individual staking transactions ranged from 115,700 HYPE to 390,400 HYPE.
Onchain Lens said all eight wallets had previously accumulated HYPE through Bybit. The tokens were withdrawn on-chain roughly nine months ago and then held in those wallets until this latest staking move. The activity points to a coordinated action by one holder rather than separate participants, based on the clustering cited by the monitoring account.
No further identity details about the entity were disclosed in the source report.
A single entity staked 1.49 million HYPE through eight wallets, a position worth about $88.2 million, according to Onchain Lens.
The eight staking transactions ranged from 115,700 HYPE to 390,400 HYPE each.
Onchain Lens said the wallets had previously accumulated HYPE via Bybit. The tokens were withdrawn on-chain about nine months ago and remained held there until this staking move.
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