Hyperliquid Labs announced a private sale of 3.75 million HYPE tokens scheduled for October 7. This transaction volume is 8.65 times higher than the previous token unlock that occurred on September 6.
According to co-founder Iliensinc, the tokens are designated for an over-the-counter deal with an institutional buyer. The company aims to avoid introducing these assets directly to public exchange markets.
Specific details regarding the buyer, including their holding requirements and hedging terms, remain undisclosed. Market participants are monitoring the situation for further official confirmations or disclosures.
