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Post #10453
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π©βπ³ Hyperliquid OTC HYPE Sale
Hyperliquid Labs will sell 3.75 million HYPE to an institutional investor via an OTC deal. The tokens come from the October team unlock and are worth about $320 million at current prices.
Unstaking starts September 30, with distribution on October 7. The tokens will not be sold on the open market. The September team unlock was moved and combined with Octoberβs through the OTC deal.
The total October HYPE unlock is estimated at about $860 million, so the deal covers only part of the supply that could reach the market in the coming days.
β Follow @cryp
Hyperliquid Labs will sell 3.75 million HYPE to an institutional investor via an OTC deal. The tokens come from the October team unlock and are worth about $320 million at current prices.
Unstaking starts September 30, with distribution on October 7. The tokens will not be sold on the open market. The September team unlock was moved and combined with Octoberβs through the OTC deal.
The total October HYPE unlock is estimated at about $860 million, so the deal covers only part of the supply that could reach the market in the coming days.
β Follow @cryp
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