The Hyperliquid team has applied to redeem 179,700 HYPE, worth approximately $14.49 million.
According to on-chain analyst Ember (@EmberCN), HyperLabs, the Hyperliquid development team, applied to unstake 179,706 HYPE tokens worth approximately $14.49 million about 10 hours ago, and is expected to receive them late on November 4 (after the 7-day unlock period).