Hyperliquid development team HyperLabs distributed approximately 179,706 HYPE tokens (worth ~$14.49 million) to six team member wallets. The tokens had been redeemed from staking positions a few days prior.
On-chain monitoring revealed the distribution occurred 11 hours before reporting on November 7, 2026.
HyperLabs Distributes 180K Redeemed HYPE Tokens to Six Team Wallets
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