Hyperliquid Labs sells 3.75 million HYPE in private deal
CIE News ·
Hyperliquid Labs sold 3.75 million unstaked HYPE tokens worth roughly $329 million to an institutional buyer via a private OTC transaction, according to BeInCrypto.
Hyperliquid Labs unstaked 3.75 million Hyperliquid (HYPE) tokens valued at roughly $329 million on September 30, 2026, for an October team allocation, according to BeInCrypto. Co-founder iliensinc confirmed the assets, which represent about 1.5% of circulating supply, were sold to a single institutional buyer through an over-the-counter deal rather than public liquidity pools. Community contributor steven.hl noted that the private sale explains why the monthly unlock bypassed the open market, preventing immediate public sell-side pressure.