Hyperion DeFi unstakes 519,480 HYPE worth $28.56 million

Hyperion DeFi, the Nasdaq-listed digital asset treasury company that trades as HYPD, unstaked 519,480 HYPE worth about $28.56 million from two wallets, according to Onchain Lens. The tokens were withdrawn from staking contracts, leaving the company with more flexibility to trade, reallocate capital or support other treasury needs, although Hyperion has not disclosed a reason. The move stands out because Hyperion has been accumulating Hyperliquid's native token as a treasury asset and comes as crypto-focused companies reassess holdings amid market volatility and regulatory developments. It also follows earlier on-chain reports of suspected a16z-linked wallets staking 979,000 HYPE on Hyperliquid, underscoring continued large-holder activity around the token.