Hyperliquid development team redeemed 433,000 HYPE coins, which have been credited to their accounts.
2026-08-07 09:34:30
According to CoinMeta, monitoring indicates that the 433,000 HYPE coins (valued at approximately $24.25 million) that were applied for redemption by the development team Hyperlabs of Hyperliquid a week ago have been credited to their accounts yesterday morning and were then distributed to 9 wallets this morning. Based on previous records of unpegging and transferring, these HYPE coins are likely to flow into centralized exchanges through market makers Flowdesk.
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