These movements follow an over-the-counter sale by Hyperliquid Labs, the team behind a decentralized perpetual futures exchange. The developers unstaked the total pool of tokens on Oct. 7 to facilitate distribution to team members and a single partner, aiming to avoid the volatility associated with sales on public markets.
Tuesday, October 20, 2026
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Kraken-Funded Wallet Restakes $276M HYPE from Hyperliquid OTC Sale
Crypto13 days ago
An institutional entity that acquired 3.75 million HYPE tokens recently moved the majority of its allocation into a validator to support the network. A Kraken-funded wallet staked 3.125 million HYPE, valued at $276 million, with the Hyperliquid Strategies x Unit validator after receiving the assets in two rounds via five separate wallets. The remaining 625,000 HYPE, or $55 million, was transferred to a new wallet on HyperEVM.
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