Hyperliquid Shifts $90 Million in HYPE Tokens Amidst Upgrade

Hyperliquid Strategies Inc., a company focused on Layer 1 DeFi, recently transferred $90 million worth of its native token, HYPE, into spot wallets. This substantial movement reflects their commitment to bolstering liquidity and market impact, according to CEO David Schamis. Following an extensive network upgrade, the move is part of strategic efforts to optimize liquidity for increased market activity.