Hyperliquid Shifts $411M HYPE to Hypercore, Starts Staking

Key Highlights:

• Hyperliquid Strategies transferred 12 million HYPE tokens from HyperEVM to Hypercore.
• Out of 32 wallets, three of them have staked 425,000 HYPE, indicating strong treasury.
• The project has gained market spotlight without any outside funding and gathered significant importance within the industry.

Hyperliquid Strategies, the company that is managing the HYPE tokens, has fully transferred all HYPE tokens to Hypercore, as reported by Wu Blockchain today, December 4, 2025. The company has also publicly revealed complete wallet details tied to that transaction. The transfer involved 12 million HYPE tokens, worth roughly $411 million. This amount equals 1.2% of the total token supply and a striking 3.54% of the circulating supply. This means that this movement could affect the market liquidity and staking dynamics across the HYPE ecosystem.

According to MLM, HYPE treasury company Hyperliquid Strategies has transferred 12 million HYPE tokens to Hypercore, valued at $411 million, accounting for 1.2% of the total supply and 3.54% of the circulating supply. The company has also begun staking, with a total of 425k HYPE…

— Wu Blockchain (@WuBlockchain) December 4, 2025

Bridge From HyperEVM to Hypercore

The transfer is said to be executed via 32 wallets, which bridged the tokens from HyperEVM chain to Hypercore. Bridging tokens is an important process in decentralized finance as it helps on moving token from one chain to the other and the tokens become usable on different blockchains.

It seems that this shift from HyperEVM to Hypercore indicates that the company wants to take advantage of Hypercore. The main reason could be related to better benefits such as better staking options, faster transactions, or just the improved governance features.

A large chunk of these tokens have been already staked on Hypercore. Staked tokens are kept out of the circulation and reduce the available supply in the market. With this, it also allows the holders to take part in network consensus and earn rewards, which can affect the token’s value and overall incentives for holders.

Staking Uptake by Key Wallets

As stated above, there are 32 wallets that are involved in the transfer, and out of these 32 wallets, three of them have been seen to be staking very aggressively. All of these three wallets have managed to gather 425,000 HYPE tokens, which is worth about $14.5 million at current prices. This heavy staking supports the security and performance of Hypercore and also indicates a strong confidence in the long-term value of HYPE from key treasury participants.

Hyperliquid’s Growing Market Presence

The shift is coming at a time when Hyperliquid is gathering a significant amount of attention. Recently, Atlas Merchant Capital CIO David Schamis highlighted the growth of the project and stated that there have been 11 people, zero outside funding, $1B+ in annual cash revenue, and now the project brings 24/7 Tesla & Nvidia perps to the world. Hyperliquid just went from crypto’s best-kept secret to Wall Street’s wake-up call on CNBC.

Spreading the gospel of Hyperliquid, the most exciting story in crypto, to the traditional finance world

It’s always a pleasure to be on @cnbc with @BeckyQuick and Joe Kernan

Our stock starts trading this morning with the ticker $PURR

Hyperliquid@HyperliquidX @HypeStrat… pic.twitter.com/yAKxCcJl4I

— David Schamis (@dschamis) December 3, 2025

His statement shows how far Hyperliquid has come, from a small crypto-focused team to a serious player in the industry that is attracting attention from traditional finance.

By offering perpetual contracts for high-demand assets like Tesla and Nvidia, the platform combines efficient operations, strong revenue, and innovative trading products, boosting confidence among both crypto investors and institutional traders.

Implications for the HYPE Ecosystem and Market

This treasury move can have several implications for the HYPE ecosystem. The transfer and staking of a large amount of tokens reduce circulating supply, which can tighten the market liquidity and increase the price of the token if demand stays steady or rises.

At press time, the price of the token stands at $34.90 with an uptick of 2.02% in the last 24 hours as per CoinMarketCap.

With the staking feature in place, the HSI is also indicating confidence in the network’s governance and reward structure, which may encourage more users to stake.

The public disclosure of wallet information indicates that the company making an effort to stay transparent as much as possible. This openness can strengthen the investor confidence and make the project more appealing to the institutional players.

The decision to bridge tokens and actively stake on Hypercore suggest that the platform is become the preferred environment over HyperEVM, whether due to better technology or stronger community participation.

Also Read: HYPE Gains 9% as HSI Stock PURR Lists on Nasdaq Today