HyperLabs, the development team behind Hyperliquid, has applied to redeem 3.75 million HYPE tokens, worth approximately $337.5 million.
Source：
x.com
On-chain data shows that the HyperLiquid development team's HyperLabs address has applied to redeem 3.75 million HYPE from staking, with funds expected to arrive in seven days. Based on the previous monthly unstaking record, these HYPE tokens may be transferred to Flowdesk upon receipt.
