Hyperliquid development team HyperLabs received 433,000 HYPE, valued at $38.14 million, 12 hours ago after filing for redemption seven days earlier. The tokens were transferred to 11 addresses nine hours ago.
The team now unstakes and transfers out more than 400,000 HYPE each month, roughly matching monthly staking interest income. Its 241 million HYPE holdings, valued at $21.2 billion, generate 14,400 HYPE, or $1.26 million, in daily staking interest.
Hyperliquid Team Redeems 433,000 HYPE Worth $38.14 Million
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