Lookonchain: HyperLabs unstakes $331.4M HYPE for team distribution, OTC sale
HyperLabs unstaked 3.75 million HYPE tokens, valued at $331.4 million, approximately 9 hours ago. The tokens are intended for distribution to team members and will be sold via over-the-counter (OTC) channels. On-chain data indicates that 1.25 million HYPE ($110.57 million) has been restaked, while 1.875 million HYPE is held in wallet 0x8757, and 625,000 HYPE ($55.37 million) is held in wallet 0x3277.
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