CoinEx News: On July 29–30, 2026, Hyperliquid Labs, the project’s development team, initiated the unstaking of 433,000 HYPE tokens worth about $23.45 million. The tokens enter a standard 7-day pending period and become transferable around August 6, following the team’s monthly distribution schedule for core contributors. In the same window, institutional wallets linked to Multicoin Capital completed the release of roughly 1.97 million HYPE after their own 7-day wait, with portions moved toward Coinbase Prime; a Selini Capital-linked address transferred about 495,000 HYPE (roughly $26.8 million) to OKX after redemption; other large holders also executed notable transfers and redemptions.