Hyperliquid Labs Unstakes 3.75M HYPE Tokens for OTC Sale to Single Investor
Key Facts
Hyperliquid Labs unstaked 3.75 million HYPE tokens worth approximately $329 million for an over-the-counter (OTC) sale to a single investor. According to cryptoticker.io, the tokens were moved to facilitate a direct sale, potentially providing liquidity or strategic alignment with a major stakeholder outside of public exchanges.
The transaction occurs as the HYPE token price remains 10% below its record high reached on September 23, 2026. Reports from cryptoticker.io indicate that the unstaking process requires seven days, making the tokens available around October 7, 2026, which represents roughly 1.7% of the current circulating supply.
Latest Updates · 3
- Notable·
Update: Hyperliquid Strategies has been identified as the buyer, purchasing 1.9 million HYPE tokens for $167.2 million. This acquisition brings the firm's total holdings to 37 million tokens, valued at approximately $3.2618 billion as of October 3, 2026.
- Notable·
Update: Hyperliquid wallet data revealed $128 million in Bitcoin and Ether short positions. These positions currently carry an unrealized loss of approximately $1.27 million, providing further insight into the entity's financial exposure alongside the token unstaking activity.
- Notable·
Update: Hyperliquid has allocated $15 million in USDC yield to fund buybacks of HYPE tokens. This move is intended to support the token's market value alongside the team's recent strategic maneuvers.