Hyperliquid team earning $1M daily from HYPE staking, report says

The Hyperliquid (HYPE) team is earning $1 million in daily interest from its staked HYPE holdings, EmberCN reported. According to the report, the team was allocated 238 million HYPE ($16 billion), all of which is currently staked, generating a daily yield of 14,400 HYPE. In the 1.5 years since the token's listing, the team has accumulated 8.08 million HYPE ($565 million) in staking rewards and has sold approximately 4.93 million of those tokens. As a result, the team's current holdings are estimated to be 241 million HYPE ($16.5 billion), exceeding its initial allocation.