Hyperliquid Team Allocates February HYPE Tokens

Hyperliquid's team wallet has recently distributed February's unlocked HYPE tokens to three addresses, totaling 140,400 HYPE. According to PANews, this allocation is valued at $4.7 million. Of these, 33,300 HYPE tokens have been restaked into a new wallet, while approximately 107,000 HYPE tokens were transferred to HyperEVM, possibly for an over-the-counter sale, although this has not been confirmed.