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Hyperliquid’s development team may sell 3.75 million HYPE tokens via over-the-counter (OTC), with 1.25 million of these tokens already restaked.

2026.10.08 08:31:04

According to Yu Jing Monitoring, HyperLabs, the development team of Hyperliquid, successfully redeemed 3.75 million HYPE tokens (valued at $332 million) 8 hours ago. Four hours later, after being distributed across five wallets, these funds were finally aggregated to address 0x875...1d1, which is believed to be an institutional entity that purchased the tokens via over-the-counter (OTC) from the team. Of the total, 1.25 million HYPE tokens (worth $110 million) were redeposited into staking, while the remaining 2.5 million HYPE tokens (valued at $220 million) are held in wallets.

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Analysis: Binance's stolen assets from the early morning amount to approximately $3.43 billion, with the hacker holding 467,000 ETH.

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