The Hyperliquid development team redeemed 3.75 million HYPEs and partially re pledged them
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The Hyperliquid development team HyperLabs redeemed 3.75 million HYPEs worth $332 million, which were distributed across 5 wallets and collected at addresses 0x875... 1d1. Among them, 1.25 million HYPEs worth $110 million were re pledged, and 2.5 million HYPEs worth $220 million were kept in the wallet.