On-chain analyst Yu Jin's monitoring shows HyperLabs, the Hyperliquid development team, distributed 179,706 HYPE worth $14.5m to six team member wallets 11 hours ago, after redeeming the tokens from staking a few days earlier.
HyperLabs sends 179,706 HYPE worth $14.5m to six team member wallets
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The story so far: Hyperliquid team token unlock
Hyperliquid Labs said 180,000 HYPE would be unlocked on 28 October for distribution to team members on 6 November. HyperLabs has now distributed 179,706 HYPE worth $14.5m to six team member wallets, after redeeming the tokens from staking.
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HyperLabs sends 179,706 HYPE worth $14.5m to six team member wallets
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