Hyperliquid Foundation Transfers 50,000 HYPE Worth $3.65 Million

The Hyperliquid Foundation transferred 50,000 Hyperliquid (HYPE) tokens on Nov. 13. The tokens were valued at about $3.65 million at the time. At 10:17 a.m. ET (15:17 UTC), the Foundation sent the tokens from its HyperCore wallet to address 0x544058…eDe1a9. About 18 minutes later, that address moved the full amount to the same address on HyperEVM. The receiving address had received about 150,000 HYPE from the Foundation in three earlier transfers. Part of those earlier receipts went to Bybit deposit addresses and a wallet labeled as belonging to OKX.