Hyperliquid to Unlock 3.75M HYPE Worth $337M on October 6
- —Unlock covers 3.75M HYPE, valued at about $337M
- —Tokens equal 1.69% of current circulating supply
- —Hyperliquid Labs will sell them OTC to one institutional buyer
- —Buyer identity, price and any lock-up were not disclosed
Why it matters: The OTC deal may prevent immediate sell pressure, but the buyer faces no known lock-up and could later move tokens to exchanges.
Source: Bitcoin Sistemi