PANews reported on February 6 that, according to MLM monitoring, the Hyperliquid team wallet has just distributed 140,400 HYPE tokens (worth $4.7 million) unlocked in February to three addresses.

Of these, 33,300 HYPE tokens were re-staking to a new wallet, while approximately 107,000 HYPE tokens were transferred to HyperEVM (likely through an off-exchange sale, though this has not been confirmed).