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HyperLabs, the development team behind Hyperliquid, has successfully redeemed 3.75 million HYPE tokens, valued at approximately $332 million.

Oct 7, 23:48

On October 7, according to Embers Monitor, an address under HyperLabs, the development team behind decentralized perpetual exchange Hyperliquid, successfully completed the redemption of 3.75 million HYPE tokens (worth approximately $332 million) that were applied for unstaking seven days ago, just two minutes ago.

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