HYPE whale suddenly acts after 12 months, unlocks 630,000 staked tokens within three days

[Crypto World] There is an interesting on-chain data change. A major HYPE holder, after remaining silent for over a year, has recently been making frequent transactions over the past three days—unstaking 631,889 HYPE across three different wallets in one go. This position is worth approximately $20.3 million.

Even more interesting is the origin of this major holder. According to on-chain data tracing, these HYPE tokens were purchased within the first three weeks after the token TGE, with funds sourced from Tornado Cash—indicating that privacy considerations were taken into account from the very beginning of the purchase.

The 630,000+ tokens unstaked account for about 14% to 15% of the holder’s total position. It’s not a full liquidation but a partial sell-off. In the crypto market, such sudden moves by large holders after a long period of silence are often interpreted as signals—possibly profit-taking, risk hedging, or some judgment about the market’s future trend. The dispersed operations across three wallets also suggest deliberate risk management considerations.