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hyperliquid development team redeemed 433,000 HYPE and sold them
2026-08-08 08:50:20
According to CoinMeta, the development team behind hyperliquid redeemed 433,000 HYPE (approximately $24.25 million) from staking yesterday morning and sold them through market maker flowdesk. In the past few hours, 165,000 of these coins (about $9.23 million) were transferred to market maker flowdesk. Subsequently, 75,000 coins (about $4.19 million) were transferred to hyperliquid for sale in exchange for USDC, while 90,000 coins (about $5.04 million) were transferred to OKX and Bybit.
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