On-chain behavior of institutions often tells a clearer story than price fluctuations.

Recently, there was an interesting detail — Selini Capital, a well-known institution, made two moves in less than a day. First, they withdrew 500,000 HYPE from the exchange, roughly equivalent to about 12.1 million USD at the time. Not long after (about 6 hours later), they staked the entire batch of assets.

Retail traders might see the market as stable, with prices fluctuating here and there, but on-chain data already makes it clear — this is strategic positioning.

Withdrawing tokens itself signifies an attitude, indicating that the institution believes these tokens are not suitable for short-term trading on exchanges. Coupled with the subsequent staking operation, it sends a clear signal: long-term optimism, planning to earn interest while locking in their chips.

Such large-scale institutional actions usually manifest in subsequent market developments, after all, over 12 million USD worth of HYPE in liquidity is no small amount. Interested friends can keep an eye on these major players' movements, which can sometimes be more straightforward than technical analysis.