HyperLabs has transferred 1.875 million HYPEs to 5 OTC buyer wallets

Onchain Lens monitoring data shows that Hyperliquid development team HyperLabs completed a seven-day HYPE token de-pledge operation on October 8. A total of 3.75 million tokens have been transferred to its spot asset account. Based on current market prices, the total value is approximately US$330 million. The HYPE tokens will be traded through non-public channels, specifically an agreement between the HyperLabs team and an institution whose identity has not yet been publicly disclosed. Among them, the first batch of 1.875 million HYPEs have been allocated to five OTC buyer accounts, with each account receiving 375,000 HYPEs, accounting for approximately 50% of the total allocation.