Hyperliquid (HYPE) Price: Team Unlocks 433K Tokens as Revenue Falls for Fourth Quarter in a Row

HyperLabs unlocked 433,025 HYPE tokens worth about $23.46 million and moved them to exchanges including Flowdesk, OKX, and Bybit. Onchain analyst Ember confirmed 75,000 HYPE (about $4.19 million) was converted to USDC on Hyperliquid. HYPE traded near $54.60 on Aug. 9, down from $56.16 on Aug. 7 and 28% below its June record of about $77. Gross protocol revenue has fallen for the fourth consecutive quarter.