Woofun AI reports that HYPE has experienced a cumulative 16% price decline over the past 15 days, falling from $72.5 to $60.9 amidst institutional unstaking. Multicoin Capital unstaked 1.96 million HYPE tokens worth approximately $120 million from three wallets, despite previously projecting the token could reach $319 by 2028. Selini Capital requested to unstake 504,000 HYPE tokens valued at $31.7 million following the closure of the HIP-3 Dreamcash market, realizing nearly $20 million in profit.

Additionally, addresses linked to a16z sold 421,796 HYPE tokens worth $25.3 million on July 18th and 10,540 HYPE tokens worth $6.48M on July 17th.