Current outcome
The buyer of HyperLabs' 3.75M HYPE OTC sale remains unknown; PURR has denied involvement; on-chain data previously showed funds consolidated to a suspected OTC buyer address 0x875...1d1.
Progress timeline
4 material updates- #01
⚡️Hyperliquid Labs今日将解质押375万枚代币,并通过场外交易出售给机构
Hyperliquid Labs will unstake 3.75 million HYPE tokens today and distribute them to team members on October 7 as part of an institutional OTC deal that bypasses the public market.
Source evidence: theblockbeats
- #02
🔍 链上侦探 | HyperLabs已将187.5万枚HYPE转至5个OTC买家钱包
HyperLabs completed unstaking 3.75M HYPE worth roughly $330M and has distributed 1.875M HYPE (50%) to five OTC buyer wallets at 375,000 each, with the tokens going to an undisclosed institutional buyer rather than the open market.
Source evidence: theblockbeats · wublockchainenglish
- #03
Hyperliquid开发团队或通过OTC出售375万枚HYPE,其中125万枚已被重新质押
On-chain monitoring shows HyperLabs' redeemed and distributed 3.75M HYPE ultimately consolidated to a suspected OTC buyer institutional address, with 1.25M HYPE re-staked and 2.5M HYPE still held in wallets.
State after update: HyperLabs has redeemed and distributed 3.75M HYPE (about $332M), with funds ultimately consolidated to a suspected OTC buyer institutional address 0x875...1d1; 1.25M HYPE (about $110M) was re-staked, and 2.5M HYPE (about $220M) remains in wallets.
Source evidence: theblockbeats
- #04
HYPE财库公司PURR CEO否认承接Hyperliquid团队的375万枚HYPE
PURR CEO David Schamis publicly denied that his company was the buyer of Hyperliquid Labs' 3.75M HYPE OTC sale.
State after update: The buyer of HyperLabs' 3.75M HYPE OTC sale remains unknown; PURR has denied involvement; on-chain data previously showed funds consolidated to a suspected OTC buyer address 0x875...1d1.
Source evidence: theblockbeats