433000 HYPE redeemed at HyperLabs address, transferred to 11 addresses

According to Ashes Monitoring, 433000 HYPEs (worth $38.14 million) redeemed at HyperLabs address (0x43e... a251) have been received and transferred to 11 addresses. HyperLabs holds 241 million HYPEs, with a daily staking income of approximately 14400 (worth $1.26 million). The monthly transfer of over 400000 HYPEs is equivalent to the monthly staking income.