Hyperliquid Strategies, the treasury arm of the Hyperliquid ecosystem, has transferred a substantial amount of HYPE tokens—valued at approximately $411 million—to Hypercore. This move, representing 1.2% of the total HYPE supply and 3.54% of the circulating supply, signals potential internal restructuring within the Hyperliquid ecosystem. The transfer suggests an integration with Hypercore for enhanced protocol functionality or governance. Hyperliquid has also initiated staking activity, allocating 425,000 HYPE tokens across three separate wallets, representing approximately $14.5 million in value. This highlights a commitment to network participation and long-term involvement within the Hyperliquid ecosystem.