Hyperliquid Strategies has transferred its entire donation of 12 million HYPE tokens, valued at $411 million, to Hypercore. This amount represents 1.2% of the total supply and 3.54% of the circulating supply. The tokens were moved through 32 wallets from HyperEVM to Hypercore, with staking already initiated. Three wallets have collectively staked 425,000 HYPE, approximately $14.5 million, into the staking balance.