Will #HYPE be the next one to reach $100? 👀 As reported, Hyperliquid Labs is preparing to withdraw from *staking* (unlock) roughly $320 million tied to the team’s unlocks in #HYPE . The tokens are expected to be sold through an over-the-counter (OTC) transaction to a single institutional buyer. By way of comparison, the combined net inflows into the US HYPE ETFs are around $349 million since their launch. This means that one institution could absorb, in a single deal, nearly as much HYPE as the entire ETF market has captured through net flows to date. Even after applying an OTC transaction discount, this represents substantial demand at current prices. 🐋 Obviously, this doesn’t guarantee $100 will be reached. But it’s definitely worth keeping an eye on someone willing to buy hundreds of millions worth of HYPE right now. 📈
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