Selini Capital Unstakes 504,000 HYPE ($31.7M) Following Dreamcash Market Closure

HYPE-3.71%
According to ChainCatcher, Selini Capital just requested to unstake 504,000 HYPE tokens worth approximately $31.7 million. The address had deployed the HIP-3 Dreamcash market, which is now being closed. Following the market shutdown, Selini is unwinding the HYPE stake required for maintaining the deployment and has realized gains of approximately $20 million from this position.
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