A whale unstaked 387,000 HYPE tokens from the Kinetiq staking platform and transferred them to Coinbase, signaling a potential sell-off. The move follows a series of large withdrawals over recent days: 100,000 HYPE (approximately $7.57 million) was moved out two days ago, another 100,000 HYPE (about $7.86 million) was transferred today, and 187,000 HYPE (roughly $16.5 million) had been withdrawn previously. The cumulative transfers total approximately $32 million in HYPE, raising concerns about increased selling pressure on the token as it moves toward centralized exchanges.