s/cryptohayesTOKEN UNLOCK•Oct 8
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Hyperliquid’s $331M HYPE team unlock avoids an open-market selloff
Hyperliquid Labs unstaked 3.75 million HYPE, worth about $331.4 million, for its monthly team distribution. The largest team unlock so far did not trigger an apparent open-market selloff because the tokens are being sold through OTC transactions instead of the public order book.
On-chain data shows 1.25 million HYPE, worth about $110.6 million, was restaked within hours. Another 1.875 million HYPE sits in one wallet and 625,000 HYPE in a second, while HYPE remained near $87 after the unlock.
On-chain data shows 1.25 million HYPE, worth about $110.6 million, was restaked within hours. Another 1.875 million HYPE sits in one wallet and 625,000 HYPE in a second, while HYPE remained near $87 after the unlock.
Timeline2
Sep 30
Reports said Hyperliquid Labs would unstake about $320 million in HYPE for a monthly team unlock and sell the tokens OTC to an institution.
Oct 8
On-chain data showed 3.75 million HYPE unstaked for team distribution, with 1.25 million HYPE restaked and the remainder held across two wallets.
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Oct 8