The Hyperliquid team has distributed 140,400 HYPE tokens, valued at $4.7 million, to three different addresses. This distribution follows the unlocking of these tokens in February. Of the total, 33,300 HYPE tokens were re-staked to a new wallet, while approximately 107,000 tokens were transferred to HyperEVM. The transfer to HyperEVM is speculated to be an off-exchange sale, although this has not been confirmed.