Hyperliquid Unstake: $329 Million in HYPE Tokens Headed to Institutional Buyer

Hyperliquid Labs is about to unstake 3.75 million HYPE tokens worth approximately $329 million, according to its co-founder iliensinc.

The tokens will be transferred to a single institutional buyer in an over-the-counter (OTC) transaction, avoiding the exchange order book where large sell orders can drag prices down.

While this could limit the immediate impact on HYPE's price, there is still a risk that the buyer may sell the tokens on the open market after receiving them.

Past unlocks have produced mixed results for HYPE, with tokenomics data showing it fell by as much as 3% within 14 days of its August unlock and 7% after July's unlock.