Ventuals to Wind Down Operations, Join Hyperliquid Ecosystem

Ventuals said it will begin a gradual shutdown and fold its team into the Hyperliquid ecosystem, bringing its 24/7 private-market trading experiment to a close, according to Odaily Planet Daily. The platform focused on pre-IPO trading in private technology companies. It reported raising more than 500,000 HYPE tokens and generating roughly $650 million in cumulative trading volume. Ventuals said its existing HIP3 markets are moving into settlement. Pre-IPO markets tied to OpenAI and Anthropic have already been settled using the 24-hour volume-weighted average price, at $1,341.80 and $1,618.90, respectively. Markets for commodities and indices, including MAG7, semiconductors and energy, will start to be suspended from June 18. All open positions will be automatically closed. vHYPE holders can redeem staked assets 1:1 and claim related rewards. Withdrawals will be enabled in batches beginning June 19, with processing times estimated at 7 to 72 hours. The project has ended all points and referral programs and said it will not issue a token. Users must complete withdrawals and export their wallets by September 15.