# HyperLabs Sends $14.49 Million in HYPE to Six Team Wallets

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/51922
Published: 2026-11-08T23:50:16.000Z
Updated: 2026-11-08T23:50:16.000Z
Section: Investing

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

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).