The Hyperliquid team address has begun transferring tokens out in batches, with the largest single transaction involving approximately 75,000 HYPE tokens.

According to on-chain transaction records, the address labeled "HyperLabs," after unstaking and conducting a small-scale test at noon today, began executing a larger-scale fund transfer between 14:26 and 14:49. Data shows that the address transferred tokens to multiple different wallets in batches, with the amounts mainly ranging from 9,000 to 75,000 HYPE tokens, and the largest single transfer being approximately 74,999 tokens.

Previously, the Hyperliquid team wallet had redeemed 2.6 million HYPE tokens (approximately $90.18 million) to its spot account.