ChainThink report, according to on-chain monitoring, the Hyperliquid development team HyperLabs has allocated 179,706 HYPE tokens to six team member wallet addresses, valued at approximately $14.49 million.
These tokens were previously redeemed by HyperLabs from staking, with the distribution occurring roughly 11 hours ago.
Disclaimer: Contains third-party opinions, does not constitute financial advice
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