HyperLabs: Unstakes 3.75M HYPE for Team OTC Sales

HyperLabs unstaked 3.75M $HYPE ($331.4M) nine hours ago to allocate to team members and execute sales via OTC under Hyperliquid HYPE tokenomics OTC distribution.

On-chain tracking shows 1.25M HYPE restaked, 1.875M HYPE sitting in wallet 0x8757 and 625K HYPE ($55.37M) in wallet 0x3277. On the 4h chart HYPE trades at $87.57 inside the Bollinger bands, testing lower support near $86.23 while EMA50 resistance at $90.1 caps upside above the EMA200 level at $87.46; the MACD death cross at -0.78 keeps momentum bearish even as RSI(14) holds neutral at 36.62.