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Hyperliquid Labs Plans $320 Million HYPE Unlock for OTC Sale
The tokens are intended for a monthly team distribution and would be sold over the counter to an institution on Sept. 30.
Hyperliquid Labs plans to unlock about $320 million worth of HYPE on Sept. 30, with the tokens intended for a monthly team distribution and an institutional over-the-counter sale.
The planned unlock covers HYPE tokens allocated to the team’s monthly distribution schedule. The tokens would be sold directly to an institution rather than through a public exchange market.
The transaction combines a scheduled team token release with an OTC sale.
