Hyperliquid developer Hyperlabs moves $38.1M in HYPE to new addresses

Hyperliquid developer Hyperlabs transferred 433,000 unstaked HYPE to 11 new addresses, AmberCN reported. The tokens were worth about $38.14 million. Hyperlabs is currently unstaking and moving more than 400,000 HYPE each month, roughly in line with the monthly staking rewards generated by its holdings.