HyperLabs applies to redeem 3.75 million HYPEs worth $338 million at relevant addresses

The Hyperliquid development team, HyperLabs, has applied to redeem 3.75 million HYPEs worth approximately $338 million from their respective addresses, with an expected receipt on the evening of October 7th. After these HYPEs are received, they are usually transferred to Flowdesk, an institutional trading platform and market maker.