1 min read
HyperCore Transfers $39.5 Million in HYPE to Kinetiq
The on-chain move involved 447,824 HYPE tokens and was valued at $39,563,029.
HyperCore transferred 447,824 HYPE tokens to Kinetiq in an on-chain transaction valued at approximately $39.56 million, marking a sizable movement of the asset into a liquid staking protocol.
The transfer was valued at $39,563,029. It occurred about 25 minutes before the transaction was identified on Sept. 29.
Kinetiq is a liquid staking protocol for HYPE, while HyperCore was the sending entity. The transaction adds nearly 450,000 HYPE to Kinetiq’s holdings, but the available details do not indicate what the recipient plans to do with the tokens next.
