🚨 $HYPE UNLOCK TOMORROW — BUT THIS ISN’T A NORMAL UNLOCK
Hyperliquid is expected to unlock 3.75 million $HYPE , worth approximately $340 million, on October 6.
Here’s the key difference:
The entire allocation will be traded OTC with a single institutional buyer.
That means it won’t hit the open market’s order books in the same way as most unlocks.
At the same time:
Hyperliquid continues to actively buy back tokens
Another ~ $10 million worth of $HYPE was recently burned
Bloomberg Terminal just added Hyperliquid market data
So the market is watching two things at once:
How the OTC transfer will be absorbed
Whether ongoing buybacks will continue to offset the new supply
Large unlocks tend to cause fear.
This one was structured differently.
Will the OTC deal keep selling pressure in check, or will traders still price in the risk ahead of the unlock?
Hyperliquid is expected to unlock 3.75 million $HYPE , worth approximately $340 million, on October 6.
Here’s the key difference:
The entire allocation will be traded OTC with a single institutional buyer.
That means it won’t hit the open market’s order books in the same way as most unlocks.
At the same time:
Hyperliquid continues to actively buy back tokens
Another ~ $10 million worth of $HYPE was recently burned
Bloomberg Terminal just added Hyperliquid market data
So the market is watching two things at once:
How the OTC transfer will be absorbed
Whether ongoing buybacks will continue to offset the new supply
Large unlocks tend to cause fear.
This one was structured differently.
Will the OTC deal keep selling pressure in check, or will traders still price in the risk ahead of the unlock?
