Grayscale’s Hyperliquid filing meets a $340M token unlock – $100 next for HYPE?
Hyperliquid had two notable events in the same period: Grayscale filed for a staking ETF tied to HYPE, and HyperLabs completed a redemption of 3.75 million HYPE tokens. The redemption followed a prior request to unstake the tokens, and the filing arrived as HYPE faced a large token unlock.
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Users and market participants watching HYPE saw a new Grayscale filing alongside a large token unlock, which put two closely timed events in view at once. That combination matters today because it changes what people are tracking around HYPE on the same timeline, including the filing and the unlock mentioned in the item.
In practice, HyperLabs finished redeeming 3.75 million HYPE tokens after first asking for them to be unstaked seven days earlier. What changed is that the redemption is now complete, while the earlier request shows there was a separate unstaking step before that completion.
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Has this happened before?
| When | What happened | Figure |
|---|---|---|
| 16 days ago | Hyperliquid Labs Plans to Unstake 3.75 Million Tokens Sept. 30 event | 1 actors in common · 5 news media |