HyperLabs unstaked 3.75 million HYPE, worth $331.4 million, distributed to five OTC buyer wallets. Each wallet received 375,000 HYPE, representing 50% of the total OTC allocation. These tokens will not be sold on the open market, limiting the inflationary impact of the operation. Meanwhile, Multicoin deposited another 67,500 HYPE ($5.92 million) into Coinbase Prime, bringing its total transfers to 760,580 HYPE ($62.99 million) over the past month. HYPE price dropped from $94 to a low of $86.60, with deeply bearish technical indicators suggesting a potential retreat to $84, with $80 as critical support.
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