Hyperliquid Labs: Starts $330M HYPE OTC Distribution

Hyperliquid Labs finished unstaking 3.75M HYPE tokens valued at $330M after seven days and moved the supply into its spot balance for an OTC transaction with an undisclosed institution instead of open-market sales.

Half the allocation has already cleared, with 1.875M HYPE sent to five buyer wallets at 375K tokens each.

On the 4h chart HYPE sits at $86.43 inside the Bollinger band near lower support at $85.97 while the EMA50 at $90.05 and EMA200 at $87.45 act as resistance; the MACD death cross at -0.87 and RSI at 32.81 keep downside pressure intact, shaping near-term HYPE price prediction scenarios around further tests of the lower band before any relief.