According to CoinMeta, data from the on-chain monitoring platform shows that Hyperlabs released 3.75 million $HYPE tokens 9 hours ago, worth approximately $331.4 million. The plan is to distribute these tokens to team members and sell them through over-the-counter (OTC) transactions (OTC). Current on-chain data indicates that 12,500 $HYPE tokens (about $111 million) have been re-pledged, 18,750 $HYPE tokens are stored in wallet address 0x8757, and 625,000 $HYPE tokens (about $553,700) are held in wallet address 0x3277.