Odaily Planet Daily reports, according to Ember Monitoring, the 433,000 HYPE tokens (worth $38.14 million) that HyperLabs requested to redeem seven days ago have been received 12 hours ago and were transferred 9 hours ago to 11 addresses. HyperLabs holds 241 million HYPE tokens, with daily staking rewards of approximately 14,400 HYPE, valued at $1.26 million; its monthly unstaking and transfer of over 400,000 HYPE tokens is roughly equivalent to its monthly staking rewards.
HyperLabs Redeems 433,000 HYPE Tokens Worth $38.14M, Transfers to 11 Addresses
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Summary
HyperLabs redeemed 433,000 HYPE tokens worth $38.14 million, transferring them to 11 addresses 9 hours ago. The redemption followed a request made seven days earlier. HyperLabs holds 241 million HYPE tokens and earns approximately 14,400 HYPE daily in staking rewards, valued at $1.26 million. Monthly unstaked and transferred HYPE tokens exceed 400,000, closely matching monthly staking rewards. This crypto news underscores ongoing activity within the HYPE token ecosystem.
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