The HyperLiquid team has distributed approximately 1.745 million HYPE tokens to 29 new wallets following the completion of an unstaking period involving 2.6 million tokens. Among these transfers, on-chain data monitoring suggests that nearly 610,000 HYPE tokens could potentially be intended for sale or market operations. [Update 1] Context on Tokenomics and Schedule Hyperliquid Labs has confirmed the queuing of this unstaking transaction, stating it aligns with the project's previously disclosed tokenomics and unlock models. Community observers emphasize that this action follows expected team allocation plans for ecosystem development and should be distinguished from large-scale dumping. The move adheres to the planned schedule rather than indicating sudden sell pressure.