Hyperliquid Labs set for first HYPE token payout as 1.2 million tokens unstake
Hyperliquid Labs, the organization that launched the Hyperliquid decentralized exchange, is set to receive its first major allocation of HYPE tokens early next month. According to a Discord post on Sunday, some 1.2 million HYPE tokens, worth about $31.2 million, were “unstaked to be distributed to t…