UPDATE: Hyperliquid earmarks 3.75M HYPE unlock for institutional OTC buyer

CIE News ·

Hyperliquid's 3.75 million HYPE token unlock scheduled for October 6, 2026, is designated for an over-the-counter institutional deal rather than open exchange order books.

Hyperliquid's unlock of 3.75 million HYPE tokens is designated for a single institutional buyer through an over-the-counter transaction rather than the open market. As previously reported in coverage of the network's token vesting releases, the unlock is scheduled for October 6, 2026, at 00:00 UTC.

The development team confirmed that the tokens will not be sold on exchange order books. The allocation represents 1.69% of the circulating supply and holds an estimated valuation between $336.75 million and $340 million based on an indicative price of $91.