On Hyperliquid, the Kinetiq staking manager released 447800 HYPEs worth $39.55 million

The address 0x393d... 2109 marked as Kinetiq staking manager on Hyperliquid has released 447800 HYPEs worth approximately $39.55 million. The pledge extraction was completed at 19:10 on the same day, and then transferred to the system addresses 0x2222... 2222. Currently, the entrusted pledge amount of HYPE in HyperCore for this address is 10.71 million, with another 748700 HYPE in the pending extraction state.