Hyperliquid Labs distributes $330M in HYPE tokens via OTC deal to institutional buyers, with half already transferred.
Ecosystem ·
Hyperliquid Labs has completed the unstaking of 3.75 million HYPE tokens valued at approximately $330 million over a seven-day period, with the assets now available in the team's spot balance. Rather than liquidating the holdings through open market sales, the project has arranged an over-the-counter transaction with an institutional buyer whose identity has not been disclosed.
The sale structure represents a departure from public market distribution, with tokens directed to designated wallets controlled by the purchasing entity. The arrangement was coordinated in advance of the unstaking completion, suggesting a pre-negotiated commitment between the parties involved.
The identity of the OTC buyer and specific terms of the transaction remain undisclosed. Whether this transfer represents a one-time strategic sale or reflects broader capital allocation plans by Hyperliquid Labs is not yet clear from available information.