Hyperliquid to distribute $320M in HYPE tokens to the team

Hyperliquid Labs announced the distribution of $320 million worth of HYPE tokens to its team. The withdrawal from staking begins today, with the distribution scheduled for October 7.

Distribution

The project team emphasized that it does not plan to sell tokens on the open market. The entire volume is intended for an over-the-counter (OTC) deal with an institutional investor.

All HYPE tokens will be used in an OTC deal with an institutional investor.
Potential pressure on the order book from unlocking will be limited.

Details of the deal and the buyer's identity remain undisclosed, helping to avoid sharp price fluctuations on public exchanges.

September 30, 2026

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