HyperLabs distributes 179,706 HYPE worth $14.49 million to six wallets

Nov 7, 2026 01:42 (2d ago)

HyperLabs distributed 179,706 HYPE to wallets belonging to six team members.
The tokens were valued at approximately $14.49 million at the time.
HyperLabs had redeemed the tokens from staking several days earlier.

HyperLabs, the development team behind Hyperliquid, distributed 179,706 HYPE tokens worth about $14.49 million to wallets belonging to six team members. The tokens had been redeemed from staking (locking tokens to earn rewards) several days earlier, with the distribution taking place 11 hours before PANews reported it on Nov. 7, according to monitoring by Ember.