# HyperLabs Redeems 3.75 Million HYPE Tokens Worth $332 Million

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/27523
Published: 2026-10-07T15:52:34.000Z
Updated: 2026-10-07T15:52:34.000Z
Section: Investing

> The Hyperliquid development team completed the redemption seven days after requesting the tokens be unstaked.

HyperLabs, the development team behind Hyperliquid, redeemed 3.75 million HYPE tokens worth about $332 million on Oct. 7, completing an unstaking process that began seven days earlier.

The tokens were held at an address linked to HyperLabs. The redemption was completed two minutes before the report, seven days after the unstaking request.