Hyperliquid Team Unstakes 333,000 HYPE Tokens

On March 30, according to BlockBeats, on-chain data reveals that the Hyperliquid team wallet unstaked 333,000 HYPE tokens, valued at approximately $13 million, 11 hours ago. The current price of HYPE is $37.56, marking a 24-hour decline of 5.14%. Previously, an official announcement stated that 333,000 tokens from Hyperliquid Labs would be unstaked on March 29 and distributed to team members on April 6.