TLDR
- Hyperliquid Strategies has transferred 12 million HYPE tokens, worth $411 million, to Hypercore.
- The transfer represents 1.2% of the total token supply and 3.54% of the circulating supply.
- The move involves 32 wallets that bridged the tokens from the HyperEVM chain to Hypercore.
- A large portion of the tokens has already been staked on Hypercore, reducing market supply.
- Three wallets have aggressively staked 425,000 HYPE tokens, valued at $14.5 million.
On December 4, 2025, Hyperliquid Strategies announced that it has fully transferred 12 million HYPE tokens to Hypercore. This transfer, worth around $411 million, represents 1.2% of the total token supply and 3.54% of the circulating supply. The company disclosed full wallet details associated with this transfer, adding transparency to the move.
HYPE Treasury Transfer Details
The transfer was executed across 32 different wallets, which bridged the tokens from the HyperEVM chain to Hypercore. This bridging process is vital in decentralized finance as it moves tokens between blockchains, allowing their use on different networks. The move signals a strategic shift towards Hypercore, suggesting the platform may offer improved staking options or faster transaction speeds.
A large portion of the transferred tokens has already been staked on Hypercore. Staking tokens locks them out of circulation, reducing available supply in the market. This action could impact liquidity and potentially lead to a rise in the token’s price if demand remains steady or grows.
Of the 32 wallets involved, three have been seen staking aggressively, gathering a total of 425,000 HYPE tokens. At current prices, these tokens are valued at around $14.5 million. The heavy staking reflects strong confidence in Hypercore’s network and governance features, as well as its long-term value.
This activity underlines the growing participation of key treasury holders in the Hypercore ecosystem. By staking these tokens, the wallets not only contribute to network security but also engage in the platform’s governance. This action could lead to higher staking rewards for participants and further reduce market supply.
Hyperliquid’s Growing Presence
The news of the HYPE treasury transfer comes as Hyperliquid attracts more attention in the financial sector. Recently, David Schamis, CIO of Atlas Merchant Capital, highlighted the company’s growth. “Hyperliquid has gone from being crypto’s best-kept secret to a serious player attracting institutional interest,” he said.
Hyperliquid’s offerings, including perpetual contracts on assets like Tesla and Nvidia, have expanded the platform’s appeal. With $1 billion in annual revenue and a growing market presence, the project is drawing both retail and institutional investors.
The transfer of 12 million HYPE tokens further strengthens Hyperliquid’s position within the crypto ecosystem. The move, combined with strategic staking, shows confidence in Hypercore and its future governance features.
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