Hyperliquid Labs transferred 452,000 HYPE in the early morning, worth about $32.32 million

CoinFeed July 8 news, according to on-chain analyst Yu Jin monitoring, the Hyperliquid development team Hyperliquid Labs transferred 452,000 HYPE ($32.32 million) in the early morning, HYPE fell 5% today. These HYPE may be being sold through market maker Flowdesk, with some entering Flowdesk's on-chain wallet and some entering Flowdesk's deposit addresses on OKX, Bybit, and Gate.