HyperLend acquires 5M HPL tokens OTC, reducing circulating supply 1.25%

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