Hyperliquid unstakes 3.75 million HYPE tokens worth ~$331 million for team distribution and OTC sales

Hyperliquid Labs unstaked 3.75 million HYPE tokens worth ~$331 million for team distribution and OTC sales. On-chain data shows 1.25M HYPE (33.3%) restaked with Hyperliquid Strategies x Unit, 625K HYPE (16.7%) moved to a fresh HyperEVM wallet, and 1.875M HYPE (50%) still held by Labs. The institutional OTC buyer's identity remains undisclosed; Hyperliquid Strategies was confirmed not to be the buyer.

Detected & updated continuously · Source: Nebula