HyperLabs Allocates 179,706 HYPE to 6 Team Members

iconChainthink
Share
This is the logo of the coin.
HYPE
$71.96-3.65%
This is the logo of the coin.
WALLETalpha
$0.015956.25%
AI summary iconSummary
HyperLabs, the development team behind Hyperliquid, recently distributed 179,706 HYPE tokens to six team members. The allocation, valued at approximately $14.49 million, occurred roughly 11 hours ago. The tokens were claimed from staking rewards and transferred to individual wallets. This update is part of ongoing developments in the DeFi crypto space.

ChainThink reports that, according to on-chain data, HyperLabs, the development team behind Hyperliquid, has allocated 179,706 HYPE tokens to six team member wallet addresses, valued at approximately $14.49 million.

The above tokens were previously redeemed from staking by HyperLabs, and the distribution occurred approximately 11 hours ago.

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.