Hyperion DeFi terminates investment plans, to withdraw $29M in HYPE

Hyperion DeFi, a Hyperliquid (HYPE) DAT company, is withdrawing from two investment contracts totaling $28.7 million following the operational shutdown of the stablecoin USDH. According to Crypto Briefing, Hyperion DeFi announced on June 6 that it has terminated its agreements with the Felix Foundation and Native Markets and will reallocate approximately 800,000 HYPE tokens to higher-yield strategies. This amount represents 40% of Hyperion DeFi's token holdings. The decision was prompted by Native Markets' move to cease its USDH operations. Native Markets returned 300,000 HYPE tokens on June 3. The Felix Foundation is scheduled to unstake 500,000 HYPE on June 22, with the full token return expected on June 29.