HyperLiquid Redistributes $91 Million in HYPE Tokens Amid Market Volatility

The HyperLiquid team recently took action to manage the impact of a significant token unlock, restaking and redistributing approximately $91 million in HYPE tokens. This strategic move saw $61.1 million transferred to new wallets, while $21.3 million was allocated to OTC trading firms like Flowdesk. The team’s actions aim to address liquidity challenges and market volatility amidst heightened selling pressure, while maintaining institutional support for their platform.