An address once again applied for redemption of 892,000 HYPEs worth US$55.09 million in HyperEVM

According to monitoring by analyst Ash on the chain, an address has just applied for redemption of 892,000 HYPEs on the HyperEVM chain, worth US$55.09 million. The redemption will take 7 days and is expected to be completed late next Thursday. After the redemption is successful, it may continue to be transferred to Hyperliquid to take profit and sell.