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Hyperliquid Labs unstaked 333,000 HYPE tokens ($13M), according to on-chain data, with the team set to receive the tokens on April 6. The move aligns with the March 29 announcement. HYPE is trading at $37.56, down 5.14% over the past 24 hours. Altcoins to watch remain in focus as key on-chain activity continues.

ChainCatcher report: On-chain data shows that the Hyperliquid team wallet unstaked 333,000 HYPE tokens (approximately $13 million) 11 hours ago. HYPE is currently trading at $37.56, down 5.14% over the past 24 hours.Previously, the official announcement stated that 333,000 tokens from Hyperliquid Labs would be unstaked on March 29 and distributed to team members on April 6.Source:Show originalDisclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.