Hyperliquid Labs, the team behind leading decentralized perpetual futures exchange Hyperliquid, completed the seven-day unstaking of 3.75 million HYPE worth about $330 million, according to Onchain Lens. The tokens were moved to the team's spot balance for an OTC deal with an undisclosed institution rather than public-market sales. So far, 1.875 million HYPE, or 50% of the allocation, has been transferred to five OTC buyer wallets, each receiving 375,000 tokens.