Today, on-chain data detected a major movement at an interesting time.
According to data, wallets hold $300 million worth of Kinetiq Staked $HYPE Price Chart (KHYPE) has withdrawn all these assets from the wallet.
KHYPE is known as a liquid staking derivatives token built on the Hyperliquid Layer 1 blockchain and HyperEVM ecosystem. This token allows native $HYPE Token holders will be able to earn essential staking rewards while maintaining full liquidity to leverage their assets in the decentralized finance (DeFi) space.
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The wallet used the RevokeCash app to transfer assets and revoked all smart contract privileges in the process.
The timing of this move is particularly noteworthy as Anthropic has made its Fable 5/mythos AI model publicly available. There has been speculation that this model could be used by hackers to exploit vulnerabilities such as smart contract vulnerabilities within cryptocurrencies. However, Anthropic claims that necessary precautions were taken to prevent such attacks before the model was made public.
*This is not investment advice.
