CoinMeta data: According to onchain lens monitoring, Hyperliquid Labs has completed a 7-day unpegging process for 3.75 million HYPE, involving token value of approximately $330 million, which has now been transferred to the team's spot account. This batch of tokens will not be sold through the public market but will be allocated according to an over-the-counter (OTC) transaction agreement previously reached with an undisclosed institution (OTC). To date, 1.875 million HYPE have been transferred to 5 OTC buyer wallets, with each wallet receiving 375,000 tokens, completing 50% of the total allocation amount.