Hyperliquid development team HyperLabs has requested the unstaking of 179,706 HYPE, valued at about $14.49 million, according to EmberCN. The request was made 10 hours before the report. The tokens are scheduled to arrive on the evening of Nov. 4. The handling process matches the team’s previous token unlocks: after leaving staking, the HYPE will first be distributed to team members, then traded over the counter through market maker and institutional trading platform Flowdesk. The report attributes the information to EmberCN’s monitoring and does not add details beyond that timeline and transfer path.
According to monitoring by EmberCN, Hyperliquid development team HyperLabs requested the unstaking of 179,706 HYPE about 10 hours before the report, with the tokens valued at roughly $14.49 million.
The HYPE involved in the request is set to arrive on the evening of Nov. 4.
As with the team’s previous token unlocks, the tokens will first be distributed to team members after leaving staking, and will then be traded over the counter through market maker and institutional trading platform Flowdesk.
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