Hyperliquid Labs Unstakes 3.75M HYPE Worth $329M for OTC Sale to Single Investor
- —Sale size: 3.75 million HYPE, about $329 million at announcement
- —That is roughly 1.7% of the 222 million HYPE in circulation
- —Unstaking takes seven days, tokens available around October 7
- —HYPE trades near $88.26, about 10% below its September 23 record of $97.96
Why it matters: The OTC structure avoids immediate market pressure, but an unbound buyer could resell quickly, and October also brings an estimated $856 million HYPE unlock.
Source: CryptoTicker