The Hyperliquid team wallet unstaking 2.6 million HYPE tokens and conducted small-scale sell-offs and transfer tests.

According to on-chain data monitoring, the Hyperliquid team wallet (0x43...a251) redeemed 2.6 million HYPE tokens (approximately $90.18 million) from its staked position to its spot account at 12:32 PM today. The latest transaction records show that this address subsequently executed a spot sale of 1 HYPE and multiple transfers of 1 HYPE to different addresses, suggesting that it may be testing related functionality. Currently, the wallet still holds approximately 240 million staked HYPE tokens.