Hyperliquid Labs unstakes 3.75 million HYPE tokens for a $329 million OTC sale
Hyperliquid Labs began unstaking 3.75 million HYPE tokens, a batch worth roughly $329 million, for an over‑the‑counter sale to a single institutional buyer. The unstaking started around September 30 and will finish near October 7 after a seven‑day withdrawal period. The tokens represent about 1.5 % of HYPE’s circulating supply and will not be sold on public exchanges.
Why it matters
The OTC structure removes immediate selling pressure from the order book, which could limit short‑term price drops (the company notes the tokens will not be sold on the open market). However, because the buyer and any lock‑up terms are undisclosed, the tokens could later re‑enter the market, leaving supply risk for investors.
Key facts
- 1Hyperliquid Labs unstaked 3.75 million HYPE tokens. financefeeds.com
- 2The batch was valued at approximately $329 million when disclosed. financefeeds.com
- 3The tokens represent roughly 1.5 % of HYPE’s circulating supply. en.bloomingbit.io
- 4Unstaking began around September 30 and will complete around October 7 after a seven‑day waiting period. financefeeds.com
- 5The disclosed valuation implies a price of about $87.70 per HYPE token. financefeeds.com
- 6The institutional buyer, transaction price and any lock‑up restrictions were not disclosed. financefeeds.com
Open questions
- Actual purchase price of the OTC transaction is not disclosed.
- Identity of the institutional buyer is unknown.
- Whether the buyer will hold, stake, or later sell the tokens is unclear.
Summary written by AlphAI from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.