The tokens were redelegated across 11 validators, marking a large internal staking shift in the network’s validation setup.
Hyperliquid’s team unstaked 18.88 million native tokens valued at $1.14 billion and redelegated them across 11 validators. The move points to a major reshuffling of staking (locking tokens to support a network) within the protocol’s validator set, a mechanism that can affect how voting power and network security are distributed.