$HYPE unlocks tomorrow—but this is no ordinary event
Hyperliquid is set to unlock 3.75 million $HYPE , worth approximately $340 million, on October 6.
Here’s the key difference:
The entire amount will be sold OTC to a single institutional buyer.
That means it won’t hit open-market order books in the same way most unlocks do.
At the same time:
Hyperliquid continues its active buybacks
Another approximately $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 transaction is absorbed
And whether ongoing buybacks will continue to offset the new supply
Large token unlocks often spark fear.
But this one is structured differently.
Will the OTC deal keep selling pressure in check, or will traders continue pricing in risk ahead of the unlock?
#hype #TrumpNFT #nft #MantaRWA #BTC
Hyperliquid is set to unlock 3.75 million $HYPE , worth approximately $340 million, on October 6.
Here’s the key difference:
The entire amount will be sold OTC to a single institutional buyer.
That means it won’t hit open-market order books in the same way most unlocks do.
At the same time:
Hyperliquid continues its active buybacks
Another approximately $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 transaction is absorbed
And whether ongoing buybacks will continue to offset the new supply
Large token unlocks often spark fear.
But this one is structured differently.
Will the OTC deal keep selling pressure in check, or will traders continue pricing in risk ahead of the unlock?
#hype #TrumpNFT #nft #MantaRWA #BTC
