HYPERLIQUID LABS STARTS $330M HYPE OTC DISTRIBUTION

Unstaking of 3.75M $HYPE ($330M) has finished after 7 days, with the tokens now credited to Hyperliquid Labs’ spot balance.

These tokens will not be sold on the open market. Instead, the Hyperliquid Labs team has arranged an OTC deal with an undisclosed institution.

So far, 1.875M $HYPE has been distributed across the 5 OTC buyer wallets.

Each wallet received 375K $HYPE, meaning 50% of the 3.75M $HYPE OTC allocation has been distributed.

Addresses ↓

Hyperliquid Labs:

https://hyperdash.com/address/0x43e9abea1910387c4292bca4b94de81462f8a251

OTC buyer wallets:

0x34601e766c0f69321ec8d60f0f0f086e06ec18fc

0xa5d4b2345c003614e7c58cd07456c78c86e429fd

0x84ac2e07b2664fcc72b4475755302ee75bf37dbf

0x6146bcccf00fe3132be10261c571a20b78580f3e

0x8044474523485ff8cb0feedb11b4d35e6fc9c7ac

~ https://x.com/OnchainLens/status/2107875426492391599