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HyperLend founder says 5.017 million HPL tokens bought via OTC deal

  • Ness said 5,017,336.42 HPL tokens were purchased through an OTC deal.
  • 5,017,336.42 HPL tokens represent a 1.25% reduction in circulating supply.
  • HyperLend Strategic Fund will receive the purchased tokens, Ness said.

Ness, founder of HyperLend, a lending protocol built on Hyperliquid, said 5,017,336.42 HPL tokens were purchased through an over-the-counter deal. The tokens will be transferred to the HyperLend Strategic Fund, reducing the circulating supply by 1.25%.

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