Ventuals to Wind Down Operations and Merge Into Hyperliquid Ecosystem Team

Ventuals said it will gradually shut down its operations and merge into the Hyperliquid ecosystem team, ending its around-the-clock private market experiment. According to Odaily, the platform focused on trading shares of pre-IPO private technology companies, raising more than 500,000 HYPE and recording about $650 million in total trading volume. Ventuals said its existing HIP-3 markets are entering settlement. The pre-IPO markets for OpenAI and Anthropic will be settled using a 24-hour volume-weighted average price, at $1,341.80 and $1,618.90, respectively. It added that markets tied to MAG7, semiconductors, energy, and other commodities and index products will be halted in batches starting June 18, with open positions to be automatically closed. Ventuals said vHYPE holders can redeem staked assets at a 1:1 ratio and receive corresponding returns. Withdrawal services will open in batches starting June 19, with processing times ranging from 7 to 72 hours. The project said it has ended its points and promotional programs and will not issue a token. It also instructed all users to complete fund withdrawals and wallet export procedures by September 15.