According to Mars Finance, on November 30th, the Hyperliquid team confirmed on their official Discord channel that 1.75 million HYPE tokens will be unlocked for developers and core contributors this Saturday, worth over $60.4 million at current prices. This unlock is part of a pre-arranged vesting plan and was disclosed in advance. For comparison, approximately 270 million tokens were fully unlocked on November 29th, 2024, and are worth approximately $9.5 billion at today's market capitalization. Hyperliquid has never raised external funding, therefore there is no selling pressure from investors after the unlock.
Hyperliquid has confirmed that a total of 1.75 million HYPE tokens have been unlocked for developers and core contributors, worth over $60.4 million.
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