Hyperliquid Labs unstakes 333,000 HYPE tokens worth about $13 million for April 6 team distribution

ChainCatcher reports that on-chain data shows the Hyperliquid team wallet unstaked 333,000 HYPE tokens around 11 hours ago, valued at roughly $13 million. HYPE was last trading at $37.56, down 5.14% in the past 24 hours. Hyperliquid previously said 333,000 tokens from Hyperliquid Labs would be unstaked on March 29 and distributed to team members on April 6.