PANews, September 7: According to Yujin monitoring, the 433,000 HYPE tokens (USD $38.14 million) requested for redemption by the Hyperliquid development team, HyperLabs, seven days ago, were received 12 hours ago and subsequently transferred out to 11 addresses nine hours ago. Currently, HyperLabs unstakes and transfers out several hundred thousand HYPE tokens each month—essentially withdrawing its monthly staking rewards: with 241 million HYPE tokens (USD $21.2 billion) in its possession, the daily staking reward amounts to 14,400 HYPE (USD $1.26 million), precisely matching the monthly transfer volume.
The Hyperliquid Dev Team Redeems 433,000 HYPE Worth $38.14M; Monthly Interest Withdrawals Confirmed
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Summary
Hyperliquid’s development team redeemed 433,000 HYPE ($38.14M) following a seven-day request, with tokens distributed to 11 addresses nine hours later. The team routinely unstakes approximately 400,000 HYPE per month, consistent with demand from its 241 million HYPE holdings ($21.2B). Daily staking rewards average 14,400 HYPE ($1.26M). This action aligns with recent developments in crypto interest rates.
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