On November 17, 2025, Cypherpunk Technologies' Officer Douglas E. Onsi sold a total of 676,319 shares of common stock. This included 261,840 shares sold by HCV VIII Liquidating Trust and 414,479 shares sold by HealthCare Ventures IX, L.P., both at a price of $3.14 per share. The substantial sales may suggest a perception of overvaluation of the company's current stock price, potentially posing a short-term bearish signal to investors, who should closely monitor the company's stock performance and the management's future actions.