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HyperLabs redeemed 433,000 HYPE and transferred them to 11 addresses, approximately $38.14 million.

BlockBeats News, September 7 - According to The Data Nerd monitoring, Hyperliquid development team HyperLabs is transferring its HYPE staking rewards. 433,000 HYPE (approximately $38.14 million) was redeemed after being staked for 7 days, and subsequently distributed to 11 addresses.

Currently, the team transfers over 400,000 HYPE monthly, roughly matching the scale of its monthly staking rewards. Its holdings of 241 million HYPE generate approximately 14,400 HYPE (about $1.26 million) in staking rewards daily.

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HyperLabs redeemed 433,000 HYPE and transferred them to 11 addresses, approximately $38.14 million.

SKHX saw two new large orders today, with whales collectively going long on $17.8 million.

HyperLabs redeemed 433,000 HYPE and transferred them to 11 addresses, approximately $38.14 million.

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