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HyperLabs Faces $36M Team Withdrawal on September 6

Guavy AI Editorial Team
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HYPE
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A significant team withdrawal of HYPE tokens from HyperLabs is expected on September 6. According to blockchain analyst Ember, a wallet attributed to HyperLabs requested the unstaking of 433,000 HYPE tokens on August 30, valued at approximately $36.14 million.

The Hyperliquid protocol places staking withdrawals into a seven-day queue before tokens return to spot balances. If processed according to schedule, the pending withdrawal should complete by September 6.

No official statement from HyperLabs has explained the purpose behind this large unstaking request, fueling speculation about potential sales or liquidity provision plans.

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