Hyperliquid Labs has completed the seven-day unstaking process for 3.75 million HYPE tokens worth about $330 million, according to monitoring by Onchain Lens. The tokens have been moved into the team’s spot account and are not set to be sold on the open market. Instead, they are being distributed under a previously arranged over-the-counter agreement with an undisclosed institution. So far, 1.875 million HYPE have been transferred to five OTC buyer wallets, with each wallet receiving 375,000 tokens. That means 50% of the total allocation has already been distributed. The transfers point to a structured off-market allocation rather than public exchange selling, based on the details provided in the original report.
Hyperliquid Labs has completed the seven-day unstaking process for 3.75 million HYPE tokens worth about $330 million, according to Onchain Lens. The tokens have since been moved into the team’s spot account.
Tokens are being distributed through an OTC agreement
The batch will not be sold on the open market. Instead, it is being allocated under a previously arranged over-the-counter deal with an undisclosed institution.
Half of the allocation has already been transferred
So far, 1.875 million HYPE have been sent to five OTC buyer wallets. Each wallet received 375,000 HYPE, completing 50% of the total distribution amount.
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