The long-awaited debut of Kinetiq is now official. The project, a cornerstone of the Hyperliquid ecosystem, will go live on July 15, igniting a major shift in token movements across the HyperEVM chain.
In the hours following the announcement, data showed that approximately 1 million HYPE tokens—worth around $40 million—entered the unstaking queue. The majority of these tokens were linked to just three large wallets, which collectively moved over 847,000 HYPE out of existing validators.
Kinetiq issued a statement explaining the early notice was meant to give participants across different time zones adequate time to prepare, given the protocol’s seven-day unstaking delay. However, the scale and speed of the withdrawals suggest whales are positioning themselves ahead of the protocol’s upcoming features.
The timing aligns with Hyperliquid’s rapid growth. The Layer 1 network’s HyperEVM is seeing record activity, and Hyperliquid itself continues to dominate the decentralized futures landscape. In the past 24 hours alone, the protocol has recorded $5 billion in trading volume, and more than $200 billion over the past month—nearly ten times the volume of its nearest competitor, according to DeFiLlama.
Kinetiq’s launch closely follows Hyperliquid’s CoreWriter Contracts upgrade, a move that allows apps on HyperEVM to integrate natively with Hypercore, the platform’s DEX and staking layer. The new staking protocol will offer liquid staking functionality, which could explain the sudden exit of large HYPE holders from standard staking pools as they prepare to redeploy into Kinetiq’s offering.
All eyes are now on July 15, as the ecosystem braces for one of its most significant launches yet.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is passionate about questions of meaning. He is a fluent German speaker as well as He has been in the crypto space for more than three years and has an eye for spotting emerging trends in the world of digital currencies. Whether providing in-depth analysis or reporting on all topics on a daily basis, his deep understanding and enthusiasm for what he does makes him a valuable addition to the team.
Source: https://coindoo.com/hype-holders-shift-funds-as-new-project-prepares-to-launch/