Altcoin Team Takes New Step in Sale Plan: $165 Million in Tokens Sent to 5 Wallets!

Hyperliquid Labs began distributing its allocation by transferring half of its HYPE tokens, valued at approximately $330 million, to five buyer wallets as part of an over-the-counter sale agreement.

According to a post by Wu Blockchain citing Onchain Lens data, the team behind Hyperliquid sent 1.875 million HYPE to five wallets. Each wallet received 375,000 tokens; based on the approximately $330 million valuation given for the allocation, the total amount transferred is worth $165 million.

The process, which previously drew attention after the tokens were unstaked and a sale plan was announced, has entered a new phase: the tokens are now being delivered to buyer wallets.

Tokens Are Changing Hands Through a Private Deal Instead of on the Open Market

A total of 3.75 million HYPE was moved to the team’s spot balance after the seven-day unstaking period was completed. This amount was set aside for an over-the-counter (OTC) transaction with an undisclosed institution.

In OTC transactions, buyers and sellers deal directly with each other instead of placing a sell order on an exchange’s public order book. The post also stated that the transfers were carried out as part of this agreement, not as open-market sales.

With the latest transfers, 50% of the allocation has reached five buyer wallets. The monetary value of the tokens distributed to the wallets reflects their approximate market value; the sale price under the agreement was not disclosed in the post.