HyperLabs applies to redeem approximately 180,000 HYPE, worth about $14.49 million.

BlockBeats news, October 29, according to Ember monitoring, the Hyperliquid development team HyperLabs applied to redeem 179,706 HYPE from staking about 10 hours ago, worth approximately $14.49 million. According to the staking exit rules, this batch of HYPE is expected to arrive on the evening of November 4 (about 7 days later).

Ember pointed out that the redemption path should be the same as the previous team token unlock: after HYPE exits from staking, it is first distributed to team members, and then OTC trading is conducted through the market maker/institutional trading platform Flowdesk. The relevant staking address is 0x43e...251.