🚨 $HYPE UNLOCK TOMORROW — BUT IT’S NOT A NORMAL ONE
Hyperliquid is set to unlock 3.75 million $HYPE worth around $340 million on October 6.
Here’s the key difference:
The entire batch is going OTC to a single institutional buyer.
That means it won’t hit the open market order books the same way most unlocks do.
At the same time:
Hyperliquid continues active buybacks
Another ~$10 million in $HYPE was recently burned
Bloomberg Terminal just added Hyperliquid market data
So the market is watching two things at once:
How the OTC transfer is absorbed
Whether the ongoing buybacks keep offsetting new supply
Big unlocks usually create fear.
This one is structured differently.
Will the OTC deal keep selling pressure contained, or will traders still price in risk ahead of the unlock?
Hyperliquid is set to unlock 3.75 million $HYPE worth around $340 million on October 6.
Here’s the key difference:
The entire batch is going OTC to a single institutional buyer.
That means it won’t hit the open market order books the same way most unlocks do.
At the same time:
Hyperliquid continues active buybacks
Another ~$10 million in $HYPE was recently burned
Bloomberg Terminal just added Hyperliquid market data
So the market is watching two things at once:
How the OTC transfer is absorbed
Whether the ongoing buybacks keep offsetting new supply
Big unlocks usually create fear.
This one is structured differently.
Will the OTC deal keep selling pressure contained, or will traders still price in risk ahead of the unlock?
