On-chain data indicates that 1.25 million HYPE tokens, valued at $110.57 million, were restaked, which subjects that portion to another seven day withdrawal queue. The remaining balances are held in two separate wallets, with 1.875 million tokens in wallet 0x8757 and 625,000 tokens in wallet 0x3277.
Tuesday, October 20, 2026
Story
Hyperliquid Labs Sells $330M HYPE via OTC to Avoid Public Markets
Crypto13 days ago
Five institutional parties have each acquired 375,000 HYPE tokens from Hyperliquid Labs through a private asset sale to prevent public market volatility. The firm behind the decentralized perpetual futures exchange unstaked a total of 3.75 million HYPE, worth approximately $331.4 million, to facilitate these transfers and distribute tokens to team members. These tokens were moved to the team's spot balance after the completion of a seven day unstaking process on Oct. 7.
Looking for more context or analysis?
Tilt chat provides reliable, tailored insights, alerts, and automations.