Hyperliquid Labs Transfers Out 452,000 HYPE Worth $32.32 Million, Suspected Sale via Flowdesk

Odaily Planet Daily News According to on-chain analyst EmberCN's monitoring, the Hyperliquid development team, Hyperliquid Labs, transferred out 452,000 HYPE tokens in the early hours, worth $32.32 million. HYPE is down 5% today. These HYPE tokens are suspected to have been sold through market maker Flowdesk, with a portion entering Flowdesk's on-chain wallet and another portion going to Flowdesk's deposit addresses on OKX, Bybit, and Gate.