$330 Million HYPE OTC Distribution Begins, Hyperliquid Labs Has Distributed 1.875 Million Tokens to 5 Wallets

— According to Onchain Lens monitoring, Hyperliquid Labs completed the unstaking of 3.75 million HYPE tokens within 7 days, valued at $330 million, and the tokens have now been credited to its spot balance. These tokens will not be sold on the open market; the Hyperliquid Labs team has reached an over-the-counter (OTC) trading agreement with an undisclosed institution. As of now, 1.875 million HYPE have been distributed to 5 OTC buyer wallets, with each wallet receiving 375,000 tokens, accounting for 50% of the 3.75 million OTC distribution quota.