Hyperliquid Labs is set to unstake approximately $320 million worth of HYPE tokens today as part of its monthly team token unlock. The entire allocation will be sold to an institutional buyer through over-the-counter (OTC) trading rather than on public markets. This scheduled release represents a significant liquidity event for the protocol's native asset. By executing the sale via OTC channels, Hyperliquid Labs aims to transfer the unlocked tokens directly to institutional hands without impacting spot market pricing.