Mystery $320M Buyer in Hyperliquid Token Sale Sparks Speculation
Hyperliquid is making headlines with a mystery buyer potentially acquiring $320 million worth of its tokens. The project's Labs unit plans to unstake 3.75 million HYPE tokens for a private sale to an unnamed institution on October 7, 2026. Speculation has swirled around the New York Stock Exchange's parent company, ICE, as a possible buyer, but no official confirmation has been made.
The tokens involved represent about 1.69% of the circulating supply, valued at approximately $349.7 million at current prices. The sale is structured as an off-market transfer, bypassing the open market and potentially reducing immediate selling pressure. However, the impact on HYPE's price could shift if the tokens later appear in exchange wallets.
ICE has been mentioned due to comments from its CEO, Jeffrey Sprecher, who previously described Hyperliquid as bigger than Nasdaq and noted meetings with the team. Despite this, no documented purchase exists, leaving the theory as speculation. The unstaking process itself follows a seven-day queue, starting on September 30, 2026, and concluding on the sale date.
As of the latest data, HYPE is trading at $93.26, up 3.2% in the last 24 hours, with a market cap of $20.75 billion. The token's performance and the potential institutional investment continue to draw attention in the crypto space.