Hyperliquid Labs-Labeled Wallet Moves $330 Million in HYPE
A wallet labeled as belonging to Hyperliquid Labs distributed $330 million in HYPE, with tokens routed through five intermediary addresses, The Defiant reported.
A wallet labeled as belonging to Hyperliquid Labs distributed HYPE tokens valued at $330 million, according to The Defiant.
The transfers passed through five intermediary addresses, which then sent the tokens to a single receiving wallet.
That receiving wallet subsequently moved 1.25 million HYPE back into staking. The available report excerpt did not specify the purpose of the distribution or identify the recipient.
Source: The Defiant
