HyperLabs address transfers 433,000 redeemed HYPE tokens to 11 addresses

Odaily Planet Daily News According to Ember monitoring, the HyperLabs address (0x43e...a251) applied to redeem 433,000 HYPE tokens 7 days ago, valued at $38.14 million. The tokens arrived 12 hours ago and were transferred out to 11 addresses 9 hours ago. HyperLabs holds 241 million HYPE, with daily staking rewards of approximately 14,400 HYPE, valued at $1.26 million. Its monthly unstaking and transfer of over 400,000 HYPE is roughly equivalent to the monthly staking rewards.