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Selini Capital Moves 500,000 HYPE From OKX, Stakes (locking crypto to earn rewards) About $12.1M on HyperCore

Selini Capital withdrew 500,000 HYPE, worth approximately $12.1 million, from OKX and staked the entire amount on HyperCore within hours, according to blockchain transaction data.

HYPE

Summary

Selini Capital transferred 500,000 HYPE, valued around $12.1 million, from the OKX exchange about 16 hours ago. Six hours after the withdrawal, the firm staked the entire amount into HyperCore. The transactions were recorded by blockchain tracking service MLM, indicating rapid redeployment of funds into staking.

Terms & Concepts
  • Staking: Locking cryptocurrency to support a network or protocol and earn rewards.
  • HYPE: A cryptocurrency token mentioned here; 500,000 units were moved and valued at about $12.1 million.
  • HyperCore: A platform or protocol where cryptocurrency can be staked to earn rewards.