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Hyperliquid Labs unstakes 180,000 HYPE tokens for team distribution

Hyperliquid Labs is unstaking 180,000 HYPE tokens for scheduled distribution to team members on November 6.

Screenshot of an announcement stating that 180,000 tokens from Hyperliquid Labs will be unstaked for team distribution, alongside the Hyperliquid logo.
Image: @DegenerateNews

Hyperliquid Labs announced that 180,000 HYPE tokens would be unstaked on October 28 ahead of an upcoming payout to team members. The distribution to staff is scheduled to take place on November 6, according to project announcements shared by outlets including Crypto Briefing and DEGEN NEWS.[2][3]

The release is substantially smaller than previous unstaking events conducted by the team. Earlier in October, Hyperliquid Labs unstaked 3.75 million tokens, a transfer that was handled through over-the-counter transactions, Crypto Banter reported.[1]

Key facts

  • Hyperliquid Labs announced the unstaking of 180,000 HYPE tokens on October 28.
  • The 180,000 tokens are scheduled to be distributed to team members on November 6.
  • Hyperliquid Labs unstaked 3.75 million tokens earlier in October, which were handled via over-the-counter transactions.

Sources 路 3 sources

  1. CB

    Crypto Banter@crypto_banterPost on X 路

    馃毃HYPERLIQUID LABS UNSTAKES 180K HYPE FOR TEAM DISTRIBUTION! Hyperliquid Labs is unstaking 180,000 hyperliquid:native tokens today. The tokens will be distributed to team members on November 6. This is a much smaller amount than the 3.75 million hyperliquid:native unstaked earlier this month, which was handled via OTC.

    Open source
  2. CB

    Crypto Briefing@Crypto_BriefingPost on X 路

    馃毃 NEW: @HyperliquidX announces that 180,000 $HYPE tokens will be unstaked today ahead of their distribution to team members on November 6. https://t.co/GJySLg2Q5V

    Open source
  3. DN

    DEGEN NEWS@DegenerateNewsPost on X 路

    NEW: @HyperliquidX LABS ANNOUNCES 180K $HYPE TOKENS WILL BE UNSTAKED TODAY TO BE DISTRIBUTED TO TEAM MEMBERS ON NOVEMBER 6 https://t.co/VnSN1U3AN2

    Open source