HyperLiquid's team just unstaked a massive 2.6M $HYPE tokens — that's roughly $89.2M worth of moves happening on-chain.

Here's where that stack went:
→ 1,088,822 $HYPE ($37.4M) got restaked right back
→ 900,869 $HYPE ($30.9M) still sitting in the wallet, untouched
→ 609,108 $HYPE ($20.9M) transferred over to Flowdesk
→ Tiny selloff: 1,200 $HYPE swapped for 41,193.45 $USDC

Not exactly a full exit, but definitely worth watching how this plays out.