TheDefiant reported that a wallet labeled as belonging to Hyperliquid Labs distributed $330 million worth of HYPE. According to the report, five intermediary addresses first forwarded the tokens to a single wallet. That wallet then sent 1.25 million HYPE back to staking. The article also noted that its content is stored on Filecoin. No additional transaction details, timing breakdown, or wallet identifiers were disclosed in the provided text. The report was published on Oct. 8, 2026.
A wallet labeled as belonging to Hyperliquid Labs distributed $330 million worth of HYPE, according to TheDefiant.
The report said five intermediary addresses forwarded the tokens to one wallet. That wallet later returned 1.25 million HYPE to staking.
The article also said its content is stored on Filecoin.
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