The HyperLiquid team has spoken to the community and established a clear set of guidelines for managing HYPE Token. According to the announcement, all individuals related to Hyperliquid Labs—whether formal employees or outsourced collaborators—must strictly adhere to these regulations.

Specifically, the restrictions include two core components: first, the prohibition of participation in HYPE-related derivatives trading, and second, a zero-tolerance approach to insider trading. This set of regulations reflects the project team's stance on transparency and fairness.

In response to the short-selling behavior of the address starting with 0x7ae4 mentioned in the community discussion, the team provided clarification. The address belongs to a former employee (who left in 2024), which means that the relevant trading activities occurred after this individual no longer participated in the project and are unrelated to the current team's code of conduct. This clarification helps to alleviate the community's relevant concerns.