Hyperliquid News: Team Unstakes $329 Million in HYPE for Private Sale
- Hyperliquid Labs is unstaking 3.75 million HYPE, worth about $329 million, for an OTC sale to a single institutional buyer.
- The tokens represent about 1.5% of HYPE's circulating supply and are the project's regular October team payout.
- HYPE ETFs recorded $5.03 million in outflows on Wednesday, reversing the prior week's $9.25 million inflow.
- HYPE ETFs closed September with $6.86 million in net outflows for the month.
- HYPE fell 2% on Thursday after a more than 5% gain the previous day.
Hyperliquid had two separate developments this week: a large token movement by its own team, and a pullback in ETF demand for HYPE.
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HYPE Market and ETF Data
Figures reported as of Thursday, October 1, 2026:
HYPE price move (Thursday): down 2%
HYPE price move (Wednesday): up more than 5%
HYPE ETF flow (Wednesday): $5.03 million in outflows
HYPE ETF flow (prior week): $9.25 million in inflows
HYPE ETF flow (September, cumulative): $6.86 million in outflows
Tokens being unstaked: 3.75 million HYPE
Approximate value: $329 million
Share of circulating supply: about 1.5%
Readers tracking Hyperliquid on-chain activity in real time can follow it through the SpotX live stream.
Main News: Hyperliquid Labs Unstakes Tokens for an OTC Sale
Hyperliquid Labs is unstaking 3.75 million HYPE tokens, worth approximately $329 million, as part of the project's regular October team token payout. Co-founder iliensinc disclosed the plan on Hyperliquid's Discord server.
Unlike a typical team unlock, the entire batch is being sold through an over-the-counter (OTC) transaction to a single institutional buyer rather than released onto the open market.
Key details of the arrangement:
Tokens involved: 3.75 million HYPE, about 1.5% of circulating supply
Buyer: one institutional investor, not publicly named
Sale method: private OTC transaction, not an open-market sale
Distribution timing: tokens are scheduled to reach the Hyperliquid team in October
Unstaking period: seven days on Hyperliquid
No lock-up period for the buyer has been publicly disclosed.
HYPE ETF Demand Cools Alongside the Token News
Separately, Hyperliquid's HYPE-focused ETFs saw demand ease this week. HYPE ETFs recorded $5.03 million in outflows on Wednesday, a reversal from $9.25 million in inflows the previous week.
The outflow followed two consecutive days of zero inflows earlier in the week. For the month of September overall, HYPE ETFs closed with $6.86 million in net outflows.
HYPE itself moved 2% lower on Thursday, trimming a rebound of more than 5% logged the day before. Traders watching HYPE trading activity across these swings can get live data through SpotX.