Hyperliquid: HyperLabs Distributes 430K HYPE to Wallets

Hyperliquid development team HyperLabs received 430000 unstaked HYPE tokens valued at $24.25 million yesterday, then split the holdings across nine wallets early today.

Prior unstaking patterns point to onward routing through market maker Flowdesk into centralized exchanges, creating potential near-term supply pressure on HYPE price prediction models.

At $56.05 the token trades above its EMA50 support at $55.31 yet remains capped by the EMA200 resistance at $59.38. The MACD death cross at 0.54 signals fading momentum while RSI at 56.12 stays neutral inside the Bollinger band range of $53.99 to $57.77, suggesting any CEX inflows could test lower-band support before a sustained rebound.