A wallet tied to HyperLabs, the development team behind Hyperliquid, has redeemed 3.75 million HYPE that had been queued for unstaking seven days earlier, according to on-chain analyst Ember. The address, identified as 0x43e9...a251, completed the redemption about two minutes before the update was published. Odaily said the redeemed tokens were valued at roughly $332 million at the time of the alert. The note did not provide any additional transfer details or indicate whether the tokens had been moved after redemption. The update was published as a 7x24 newsflash by Odaily.
According to Odaily, on-chain analyst Ember said a HyperLabs wallet tied to the Hyperliquid development team has redeemed 3.75 million HYPE that was submitted for unstaking seven days earlier.
The address was identified as 0x43e9...a251. The redemption was completed about two minutes before the update, with the tokens valued at $332 million.
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