Why Hyperliquid’s $331M OTC deal matters as HYPE struggles to recover
Photo: AMBCrypto
HyperLabs unstaked 3.75 million HYPE, worth $331.4 million. According to the team, these tokens will not be sold on the open market. Instead, HyperLabs arranged an OTC deal with an undisclosed institution. So far, 1.875 million HYPE has been distributed across five OTC buyer wallets. Each of these wallets received 375K HYPE, implying that 50% of the 3.75 million HYPE OTC allocation has been distributed. At the same time, Lookonchain observed that 1.25 million Hyperliquid [HYPE], worth $110.5 million, were restaked. Usually, OTC sales are not inflationary, as such token movements do not increase supply on the open market.
Source: AMBCrypto
