PURR CEO Denies Receiving 3.75 Million HYPE From Hyperliquid

David Schamis, CEO of Hyperliquid Strategies DAT (PURR), denied that his company received 3.75 million HYPE from Hyperliquid Labs in an over-the-counter transaction valued at about $320 million.

Schamis said PURR was not the buyer in the reported sale, rejecting a potential link between the HYPE treasury vehicle and the transfer.

Hyperliquid Labs had sold 3.75 million HYPE through OTC transactions. Of that amount, 1.875 million HYPE was transferred to five buyer wallets, while 1.25 million HYPE was placed back into staking.

The transaction has drawn attention because of its size and its connection to a company focused on holding HYPE. PURR’s denial leaves the identity of the buyer or buyers separate from the company’s treasury operations.