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CryptoMediumUpdated•Originally published 30 September 2026•Updated 30 September 2026•
1 min read

Hyperliquid Labs Plans $320M HYPE Unlock for Institutional OTC Sale

Key Facts

1Hyperliquid Labs plans to unlock 3.75 million HYPE tokens worth approximately $320 million for an OTC sale to an institution.
2The tokens are scheduled for distribution to team members on October 7 following the OTC transaction.

Hyperliquid Labs plans to unlock 3.75 million HYPE tokens worth approximately $320 million for sale to an institutional investor. Tokenpost reported that the unlock is part of a monthly team distribution strategy, utilizing an over-the-counter (OTC) transaction rather than a public exchange sale.

The tokens are scheduled for distribution to team members on October 7, 2026, following the completion of the institutional sale. This approach aims to facilitate institutional entry via private deals to mitigate the immediate sell pressure and market volatility typically associated with large-scale token unlocks on open exchanges.

Latest Updates · 1

  1. Major·

    Update: The US House Oversight Committee expanded its prediction-market probe on September 30, 2026, requesting trading and identity records from Hyperliquid. This development marks an escalation in congressional scrutiny over decentralized platforms offering prediction-market services.