HyperLabs Initiates Unstaking of 433,000 HYPE, Worth $23.45 Million

Odaily reports, according to on-chain analyst Ember CN, the Hyperliquid development team HyperLabs address (0x43e...251) initiated the unstaking of 433,000 HYPE, worth $23.45 million, 8 hours ago. The unstaking of this HYPE will be completed after a 7-day pending period.