HyperLabs Applies to Redeem 179,700 HYPE Tokens, Valued at Approximately $14.49 Million

HyperLabs Applies to Redeem 179,700 HYPE Tokens, Valued at Approximately $14.49 Million

2026-10-29 08:29

ChainThink News, October 29: According to Yujin Monitoring, the Hyperliquid development team HyperLabs applied 10 hours ago to redeem 179,706 HYPE tokens from staking, valued at approximately $14.49 million, with expected arrival on the evening of November 4.

After exiting staking, these HYPE tokens will first be allocated to team members, followed by OTC trading via market makers and institutional trading platforms including Flowdesk.

Disclaimer: Contains third-party opinions, does not constitute financial advice

Recommended Reading

15 customer domains hijacked have been restored, 10 of which are associated with Vercel

29 mins ago
15 customer domains hijacked have been restored, 10 of which are associated with Vercel

THORChain halts unexpected delay in Binance stolen funds money laundering process

2 hours ago
THORChain halts unexpected delay in Binance stolen funds money laundering process

DeepSeek Unveils New Agent Architecture

5 hours ago
DeepSeek Unveils New Agent Architecture

The fee conversion system is now open to all applications, with Uniswap TJAR already spanning 7 chains.

7 hours ago
The fee conversion system is now open to all applications, with Uniswap TJAR already spanning 7 chains.

Holding approximately $449 million worth of Bitcoin, NXTT Authorized to Sell or Collateralize in Installments

7 hours ago
Holding approximately $449 million worth of Bitcoin, NXTT Authorized to Sell or Collateralize in Installments

Binance is currently in discussions with Malaysian regulators regarding licensing suitability.

9 hours ago
Binance is currently in discussions with Malaysian regulators regarding licensing suitability.

Iran's Supreme Leader issues directive: Immediate, effective, and "geographically unconstrained response" to any hostile threat

9 hours ago
Iran's Supreme Leader issues directive: Immediate, effective, and "geographically unconstrained response" to any hostile threat