ChainCatcher reported, citing on-chain analyst Ember, that HyperLabs, the development team behind Hyperliquid, unstaked 433,000 HYPE early yesterday, with the tokens valued at $24.25 million. According to the monitoring data, the position has already been moved for sale through market maker Flowdesk. In the past few hours, 165,000 HYPE worth $9.23 million was sent to Flowdesk, 75,000 HYPE worth $4.19 million was transferred into Hyperliquid and sold for USDC, and another 90,000 HYPE worth $5.04 million was deposited to OKX and Bybit. The update focuses on the token movements and destinations identified on-chain.
ChainCatcher, citing on-chain analyst Ember, reported that HyperLabs, the development team behind Hyperliquid, unstaked 433,000 HYPE early yesterday. The tokens were valued at $24.25 million, and the position has already been sold through market maker Flowdesk.
Over the past few hours, 165,000 HYPE worth $9.23 million was transferred to Flowdesk. Another 75,000 HYPE worth $4.19 million was sent to Hyperliquid and sold for USDC. A further 90,000 HYPE worth $5.04 million was moved to OKX and Bybit.
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