HyperLabs has requested the redemption of 179,700 HYPE tokens, valued at $14.49 million.

HyperLabs has requested the redemption of 179,700 HYPE tokens from its staked account, valued at $14.49 million, with the funds expected to arrive on the evening of November 4th. The redeemed HYPE tokens will be distributed to team members and traded over-the-counter by Flowdesk.