BlockBeats News, July 24th: According to Onchain Lens monitoring, a single entity staked 1.49 million HYPE tokens across 8 wallets, with a total value of approximately $88.2 million. The individual stakes in these wallets ranged from 11.57k to 39.04k HYPE.

All 8 wallets mentioned above had previously accumulated HYPE through Bybit and transferred the tokens to Layer 1 about 9 months ago. The tokens were held until the recent staking transaction.