Hyperliquid Labs plans to unlock approximately $320 million worth of HYPE tokens on September 30. These tokens are part of the team's monthly distribution schedule and will be sold directly to an institutional buyer through an over-the-counter (OTC) sale, rather than on a public exchange. This combined action of scheduled team token release and OTC sale is significant as it impacts token circulation and institutional involvement. Investors should watch for market effects following the unlock and sale.
Hyperliquid Labs' planned $320 million HYPE token unlock is notable. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Sep 30, 2026 23:03 WIB: Out of 50 major cryptocurrencies, 25 rose and 24 fell. SUSHI rose 4.10% to Rp4.959 with 66% buy orders, DOT increased 3.69% to Rp22.106 with 57% buy orders, and ALGO fell 3.59% to Rp2.229 with 53% buy orders.
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