On-chain data monitoring shows that an address that has been dormant for over a year suddenly made a big move. In the past 3 days, this address has unstaked in batches through 3 different wallets, releasing a total of 631,900 HYPE tokens, worth approximately $20.3 million.

This unstaking scale is significant—accounting for about 14%-15% of its total holdings. More notably, the source of these tokens is traced back to Tornado Cash, and all were purchased within 3 weeks after the TGE.

Such large-scale unstaking after a long period of dormancy often indicates market changes. Whether the holder is optimistic about the market and preparing to take profits or has other considerations remains to be seen through subsequent actions.