HyperLiquid Large Lock-up Unlock: Tracking the Movement of 2.6 Million HYPE

According to the latest monitoring data from MLM, an interesting fund allocation pattern has emerged from the recent large-scale HYPE lock-up (totaling 9.1 million dollars equivalent to 2.6 million HYPE) conducted by the HyperLiquid team.

**Breakdown of Staking and Reallocation**

Of the unlocked tokens, approximately 31%, or 854,254 HYPE (29 million dollars), were immediately restaked into the original wallet. This indicates the project's intention to continue a long-term staking strategy.

The remaining approximately 67%, or 1,745,746 HYPE (61 million dollars), was distributed across 29 newly created wallets. This diversified allocation strategy appears aimed at managing token liquidity and risk diversification.

**Distribution to Institutional Investors**

Out of the 29 recipient wallets, 10 wallets transferred a total of 609,100 HYPE (21.3 million dollars) to Flowdesk (an institutional platform for over-the-counter cryptocurrency trading). This suggests that the tokens are likely to be used for liquidity provision to institutional investors.

**Other Fund Uses**

In another four wallets, 234,600 HYPE (8.2 million dollars) is targeted for re-staking, indicating a long-term holding stance.

Currently, 15 remaining wallets are holding 902,000 HYPE (31.6 million dollars), and these assets have yet to be actively moved or utilized.

**Market Implications**

With the current HYPE price around $23.80 per token, the transparency of this lock-up and fund distribution provides insight into the project's market strategy and long-term planning.