Hyperliquid Team Receives 433,000 HYPE After Unstaking

HyperLabs, the development team behind Hyperliquid, has received 433,000 HYPE tokens worth approximately $38.14 million following an unstaking request made seven days ago. The tokens were subsequently distributed across 11 different addresses. This transaction aligns with the team's monthly practice of unstaking and transferring their staking rewards. With 241 million HYPE currently staked, the team generates roughly 14,400 HYPE in daily interest, which totals the amount transferred out on a monthly basis.