coin-img-ETHETH-4.42%coin-img-SOLSOL-3.58%coin-img-BTCBTC-2.40%coin-img-XRPXRP-4.78%coin-img-USDCUSDC+0.02%coin-img-DOGEDOGE-5.26%coin-img-HYPEHYPE-3.50%coin-img-SUISUI-4.80%coin-img-ETHETH-4.42%coin-img-SOLSOL-3.58%coin-img-BTCBTC-2.40%coin-img-XRPXRP-4.78%coin-img-USDCUSDC+0.02%coin-img-DOGEDOGE-5.26%coin-img-HYPEHYPE-3.50%coin-img-SUISUI-4.80%coin-img-ETHETH-4.42%coin-img-SOLSOL-3.58%coin-img-BTCBTC-2.40%coin-img-XRPXRP-4.78%coin-img-USDCUSDC+0.02%coin-img-DOGEDOGE-5.26%coin-img-HYPEHYPE-3.50%coin-img-SUISUI-4.80%coin-img-ETHETH-4.42%coin-img-SOLSOL-3.58%coin-img-BTCBTC-2.40%coin-img-XRPXRP-4.78%coin-img-USDCUSDC+0.02%coin-img-DOGEDOGE-5.26%coin-img-HYPEHYPE-3.50%coin-img-SUISUI-4.80%

Hyperliquid Labs Starts $330M HYPE Token OTC Allocation

AI Market Summary
Hyperliquid Labs unlocked 3.75M HYPE (~$330M) and moved the tokens to spot balances, but states they will be distributed via an OTC deal rather than sold on public markets. Half of the allocation has already been sent to five buyer wallets. The event is material due to supply movement and ownership transfer, but OTC execution may limit immediate on-exchange sell pressure.
Impact level
● Medium
Affected assets
HYPE/USDT-3.55%
AI Insight · HYPE/USDTAI Insight
● Neutral
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Hyperliquid Labs has unlocked 3.75 million HYPE tokens over the past seven days, worth about $330 million, and moved them into its spot balance, according to Onchain Lens monitoring cited by Odaily Planet Daily. The tokens are not slated for sale on public markets. Instead, Hyperliquid Labs has signed an over-the-counter (OTC) deal with an undisclosed institutional counterparty. So far, 1.875 million HYPE—half of the 3.75 million OTC allocation—has been distributed to five OTC buyer wallets, with 375,000 tokens sent to each.
Selected
HYPE
HYPE-3.67%
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.

Risk Warning

Cryptocurrencies and their derivatives are innovative financial products with great volatility and high investment risks.

Although BingX is committed to providing users with easy-to-use trading tools, trading itself is still a highly sophisticated field. Trading digital assets and their derivatives are subject to high market risk and price volatility and may result in partial or total loss of account funds. You must carefully consider and exercise clear judgment to evaluate your financial situation and the aforementioned risks before using BingX Services. You shall be responsible for all losses arising therefrom. If necessary, please consult relevant professionals to make informed decisions before investing. By accessing, downloading, using or clicking on "I agree" to accept any BingX Services provided by BingX, you agree that you have read, understood and accepted all of the terms and conditions stipulated in BingX Terms of Use as well as our Privacy Policy.


Trading by copying or replicating the trades of other traders involves a high level of risks, even when copying or replicating the top-performing traders. Past performance of a BingX community member is not a reliable indicator of his future performance. Content on BingX's trading platform is generated by members of its community and does not contain advice or recommendations by or on behalf of BingX.