Hyperliquid Labs is set to unstake 3.75 million HYPE ($329 million) and sell it to a single institutional investor via an over-the-counter (OTC) transaction, according to BeInCrypto. Hyperliquid (HYPE) co-founder iliensinc stated on Discord, “This batch of tokens will be distributed to the Hyperliquid team in October, and the entire quantity will be acquired by one institutional investor.” The 3.75 million HYPE represents approximately 1.5% of the current circulating supply, and unstaking HYPE on Hyperliquid takes 7 days.
