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HyperLabs Sends $14.49 Million in HYPE to Six Team Wallets

The 179,700 tokens had been redeemed from staking several days before the distribution.

By Enna Lee
Published
A metal token rests beside six clear wallet-shaped trays / TokenPost.ai
A metal token rests beside six clear wallet-shaped trays / TokenPost.ai

HyperLabs moved 179,700 HYPE tokens, valued at $14.49 million, to six team-member wallets after redeeming them from staking several days earlier.

The tokens came from a wallet identified as HyperLabs’ at 0x43e9...a251. HyperLabs is the development team behind Hyperliquid.

The transfers took place about 11 hours before 8:42 p.m. ET Nov. 6 (Nov. 7 at 01:42 UTC).

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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