Ventuals announces business closure to integrate into Hyperliquid ecosystem, relevant markets begin settlement

Odaily Odaily Planet Daily News Ventuals today announced that it will gradually shut down its operations and integrate into the Hyperliquid ecosystem team, marking the official end of its round-the-clock private market experiment. The platform focused on trading pre-IPO private technology companies, having accumulated over 500,000 HYPE in funding with a total trading volume of approximately $650 million.

The platform's existing HIP-3 markets are entering the settlement phase. Pre-IPO markets for companies like OpenAI and Anthropic will be settled based on a 24-hour volume-weighted average price, with corresponding prices of $1,341.80 and $1,618.90 respectively. Commodity and index markets for MAG7, semiconductors, energy, etc., will be suspended in batches starting June 18, with open positions automatically closed.

vHYPE holders can redeem their staked assets at a 1:1 ratio and claim corresponding yields. Withdrawal services will commence in batches on June 19, with processing times ranging from 7 to 72 hours. The project has already suspended points and promotional activities and has clearly stated that no token will be issued. The official requires all users to complete fund withdrawals and wallet export operations before September 15.