HyperLabs completed the redemption and transfer of 433,000 HYPE after a standard seven-day unstaking period around Sept. 6-7. Earlier monitoring valued the tokens at $38.14 million, while a subsequent estimate placed their value at approximately $36 million to $38 million. The transfer continues a monthly pattern in which HyperLabs unstakes more than 400,000 HYPE, broadly matching rewards generated by its holding of roughly 241 million HYPE. The position produces about 14,400 HYPE, valued at roughly $1.26 million, in daily staking rewards. Previous redemptions were routed through Flowdesk and sent toward OKX and Bybit, with some HYPE converted into USDC. Hyperliquid’s fee-funded buyback-and-burn mechanism removes HYPE from circulation, while core contributor allocations remain subject to vesting schedules extending into 2027.