DeFi· ★★★· neutral·

Hyperliquid Labs to Unstake $320M in HYPE, Sell to Institution via OTC

  • —Unlock size is about $320 million in HYPE
  • —Part of the scheduled monthly team token unlock
  • —Tokens to be sold OTC to one institutional buyer
Why it matters: The OTC sale limits pressure on HYPE's spot price but confirms a steady flow of team tokens into the market.
#HYPE
Source: PANews
More on this
Markets · Sep 28
Trader sells 15,000 ZEC worth $23M via limit order on Hyperliquid
 Markets · Sep 17
Whales accumulate 5,195 ETH worth $12.9 million, but institutions sell via ETFs
 Markets · Sep 28
Hyperliquid faces $100M whale selling test against institutional demand