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Newly Funded Wallets Stake $62 Million in HYPE Through HyperEVM Transfer

According to Mlm Onchain, two wallets moved 1.366 million HYPE from HyperEVM (Hyperliquid’s smart contract network) to HyperCore and staked the full amount with the USDT0 x Luganodes validator node on April 16.

HYPE
USDT0

Summary

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Terms & Concepts
  • staking: Locking cryptocurrency to support network operations and earn potential rewards.
  • validator node: A network participant that helps verify transactions and maintain blockchain consensus.
  • smart contract: Self-executing blockchain code that runs automatically when preset conditions are met.