Hyperliquid (HYPE) traded at around $88.26 late on Friday evening, October 2, 2026 (according to CoinGecko). That is a good 10 percent below the record high of $97.96 set on September 23. Into this situation comes news that unsettled many holders at first: the team behind Hyperliquid is unstaking 3.75 million HYPE in order to sell them. For the Hyperliquid price prediction, what counts is how that sale is executed, because that decides whether it reaches the market price at all.
What is known about the sale
Hyperliquid Labs has unstaked 3.75 million HYPE, worth around $329 million at the price when the move was announced. Co-founder iliensinc explained in the project's Discord that the tokens are covered by an over-the-counter agreement with a single institutional buyer and will not be sold on the open market, FinanceFeeds reports. Unstaking takes seven days, so the tokens become available around October 7.
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