Hyperliquid Labs is unstaking around 3.75M $HYPE , worth roughly $320M at current prices.

According to reports, the tokens are planned for an OTC deal with one institutional buyer rather than being sold on the open market.

$HYPE spot ETFs have already recorded around $349M in total net inflows, according to Farside data. Now, a single institutional transaction is reportedly involving another ~$320M worth of $HYPE .