HYPE has declined approximately 16% cumulatively over the prior 15 days as institutional unstaking and a sell-off surge continued, coinciding with Multicoin Capital's 1.96 million HYPE token unlock valued at approximately $120 million. A dormant whale that had been inactive for over six months re-staked approximately 387,800 HYPE worth $23.42 million during the same period. Hyperliquid HYPE spot ETFs also recorded their first weekly net outflow since May, ending a nine-week consecutive inflow streak.
