Trader Techno Revenant Unstakes 2.4 Million HYPE Tokens Worth $93.7 Million
According to OnchainLens (blockchain data tracking service), the wallet removed the HYPE tokens from staking (locking crypto to earn rewards) after six months, while the next move remains unclear.
HYPE
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Terms & Concepts
staking: A process of locking crypto assets in a blockchain network or protocol to earn rewards or support network operations.
unstaking: The withdrawal of previously locked tokens from staking, making them available for transfer, sale, or restaking.
on-chain data: Blockchain-recorded transaction activity that analysts use to track wallet movements and token flows.