The post HYPE Dips 5%; Whales Reposition $40M Ahead of Kinetiq Launch appeared on BitcoinEthereumNews.com.

Over $40M in HYPE is being unstaked ahead of Kinetiq’s Hyperliquid debut. Whale activity signals strong demand for Kinetiq’s liquid staking innovation. HYPE shows bearish momentum as traders reposition before July 15 launch. In anticipation of Kinetiq’s debut on the Hyperliquid platform on July 15, over $40 million worth of HYPE tokens are currently being unstaked. This strategic move, largely led by three major whale wallets, is reshaping sentiment across the Hyperliquid ecosystem. According to data from Messari, a total of 1 million HYPE tokens are being withdrawn from staking pools, with 847,000 of those tokens (worth about $33.5 million) coming from these three key addresses. This shift is occurring during the seven-day unstaking window and signals strong institutional interest in Kinetiq, a novel liquid staking protocol built for the next phase of DeFi. What Is Kinetiq, the New Protocol Driving the Rotation? Kinetiq is designed to bring new functionality to Hyperliquid, the leading decentralized perpetuals platform. It introduces automated validator scoring, dynamic stake distribution, and a dual-token system that rewards users with kHYPE and iHYPE.  The latter is tailored for institutional partners such as FlowDesk and IMC Trading. With Hyperliquid recently enabling CoreWriter Contracts, Kinetiq can now be directly integrated into the mainnet removing previous limitations and allowing more complex smart contract interactions. Related: Hyperliquid Hits $1.7M in Daily Fees, Surpasses Ethereum and Bitcoin as Price Battles $40 Resistance Besides these technical upgrades, Hyperliquid has seen explosive growth. Its 30-day trading volume has surged past $200 billion, nearly 10 times more than its closest rival.  This performance has fueled optimism for Kinetiq’s success. The large-scale unstaking ahead of launch suggests users are preparing to restake within Kinetiq’s new system, seeking improved yields and flexibility. Market Trends Reflect Growing Caution At the time of writing, HYPE is trading at $37.66,…

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Filed under: News - @ July 8, 2025 10:20 pm