According to monitoring by @EmberCN, the Hyperliquid development team HyperLabs previously redeemed 433,000 HYPE tokens from staking. Out of these, 165,000 HYPE (worth approximately $9.23 million) have been transferred to market maker Flowdesk. Among them, 75,000 HYPE (around $4.19 million) were transferred to Hyperliquid and sold for USDC, while another 90,000 HYPE (about $5.04 million) were sent to OKX and Bybit. https://(wublock123.com)/news/hyperlabs-transfers-165k-hype-to-flowdesk-partially-sold-66126