Hyperliquid Labs selling tokens? According to Ember monitoring, the Hyperliquid development team, Hyperliquid Labs, transferred 452,000 HYPE ($32.32M) early this morning. HYPE is down 5% today. These HYPE tokens might be sold through market maker Flowdesk, with some entering Flowdesk's on-chain wallet and others going to Flowdesk's deposit addresses on OKX, Bybit, and Gate.