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Hyperliquid Labs Unstakes and Sells 3.75M HYPE via OTC

DevelopingCryptoOtherFirst tracked 2026-09-30Last changed 2026-10-08

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
  1. #01
    Initial2026-09-30 15:31 · publication time

    ⚡️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

  2. #02
    Confirmation2026-10-07 16:54 · publication time

    🔍 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

  3. #03
    Escalation2026-10-08 00:31 · publication time

    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

  4. #04
    Response2026-10-08 01:18 · publication time

    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

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