Ventuals announces closure and integration into Hyperliquid ecosystem, related markets begin settlement

Odaily Planet Daily News Ventuals announced today that it will gradually shut down its operations and integrate into the Hyperliquid ecosystem team, marking the official end of its 24/7 private market experiment. The platform, which focuses on trading pre-IPO private tech companies, has raised over 500,000 HYPE in cumulative 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 such as OpenAI and Anthropic are settled based on a 24-hour volume-weighted average price, with corresponding prices of $1,341.80 and $1,618.90 respectively. Commodities and index markets such as MAG7, semiconductors, and energy will be suspended in batches starting June 18, with open positions automatically closed.

vHYPE holders can redeem staked assets at a 1:1 ratio and claim corresponding rewards. Withdrawal services will be initiated in batches starting June 19, with processing times ranging from 7 to 72 hours. The project has discontinued points and promotional activities and has clarified that no tokens will be issued. The official requires all users to complete fund withdrawals and wallet exports before September 15.