TechFlow Logo
Login/ Sign up
ETH Gas
Gwei
Fear
gas
7x24hNews

Hyperliquid Labs transferred out 452,000 HYPE tokens in the early morning, worth approximately $32.32 million.

2026.07.08 - 07:59
Exclusive
Share

TechFlow reports, on July 08, according to on-chain analyst Ember (@EmberCN), Hyperliquid development team Hyperliquid Labs transferred out 452,000 HYPE tokens in the early morning, worth approximately $32.32 million.

Ember stated that this batch of HYPE is likely being sold through market maker Flowdesk, with part of it flowing into Flowdesk's on-chain wallet, and another part entering Flowdesk's deposit addresses on OKX, Bybit, and Gate.

As a result, HYPE dropped 5% on the day.

Add to Favorites
Share to Social Media