ventuals

✅ After all the damage they caused in #Hyperliquid , #Ventuals closes its doors.

With this, 500,000 HYPE that users had locked in staking are finally released.

However, after so many questionable moves, they don’t leave without making one last move to take a nice cut at the expense of users:

When withdrawals collapsed and the capital got trapped, retail was forced to sell vHYPE on the open market at a much lower price (around 0.75 HYPE for each vHYPE). The 1:1 parity was broken.

Then, on June 7, with the vHYPE price around $0.75, they began aggressively buying vHYPE with HYPE until June 16, pushing the price up to almost $1 and close to parity.

What a coincidence that the very same day, June 16, early in the morning, Ventuals announced the closure and the release of the 500,000 HYPE—allowing vHYPE to be exchanged for HYPE at a 1:1 parity.

A suddenly-collapsed asset starts being bought cheap a week before the announcement.

This operation generated them a profit of nearly 20% in just one week.

20% of 500,000 HYPE equals 100,000 HYPE in profit (approx. $6,000,000 USD at the current price).

I can’t claim that they made 100% of the purchases, but a very high percentage appears to have been theirs.

Meanwhile, users lost money for months, lost opportunity cost, and lost the points from the supposed airdrop that never arrived—and never will.

Current status (June 26):
- 56,000 HYPE remain to be exchanged among 2,375 users. (the 444k of the 500k have already been withdrawn)
- The current exchange rate is 1 vHYPE = 1.0153 HYPE.

A bittersweet chapter closes for a HyperEVM project.