The HYPE first large-scale unlock has been completed, with no significant token price fluctuation.
BlockBeats News, November 30th, according to Tokenomist data, Hyperliquid's first token unlock was conducted on November 29th at 15:30 Beijing time, unlocking 9.92 million HYPE tokens worth $312 million, accounting for 2.66% of the circulating supply. According to market data, there was no significant price fluctuation after this unlock, with HYPE now trading at $34.4, a 1.43% decrease in the past 24 hours, and a 7.9% increase for the week.
This unlock is the first since the TGE in November 2024. According to the official Medium article, core contributor tokens were locked for one year post-TGE, with the majority of vesting scheduled between 2027 and 2028.
Arthur Hayes previously elaborated on the reasons for selling HYPE on September 22nd: Large-scale unlocks are the "Sword of Damocles"
You may also like

New gameplay for participating in initial offerings on cryptocurrency exchanges

Why Is Bitcoin Down Today? What the Hawkish FOMC Means for SpaceX, Gold and Nasdaq

OKX Star analyzes Binance's competitive advantages: when regulation levels the playing field, competition has just begun

Full version of the debut Q&A! Federal Reserve Chairman Waller: Sticking to the 2% inflation target, establishing five special working groups, individual did not submit the dot plot

From Disruptor to Shadow Market: The Crypto Market is Becoming a Colony of Traditional Finance

Dalio's important long article: How to position in the current market environment?

DeepSeek Financing Story

Morning Report | Illinois signs the strictest digital asset tax law in the U.S.; RWA tokenization market size surpasses $43 billion, institutions accelerate the migration of on-chain assets

Morning Report | DeepSeek completes over $7 billion in financing, with a valuation exceeding $50 billion; Musk's personal wealth has surpassed the total market value of Bitcoin

Cursor, why did you get on Musk's spaceship?

In the name of charity, for the benefit of the family: How the Trump family turned charity into profit?

Will Gold Break $4,500 After Tonight's Fed Decision? What XAUT and PAXG Traders Need to Know

SharpLink CEO: How to understand that Ethereum developers have just surpassed 1 million?

Morning Report | MiCA grace period expires on July 1; Kalshi's trading volume in the first week of the World Cup breaks $5.1 billion, setting a record

The foundation of SpaceX's trillion-dollar valuation: Who is dividing Musk's annual capital expenditure of tens of billions?

How to exit after asset tokenization?

The stablecoin positioning battle escalates: When compliance is just a ticket to entry, will USD1 become the biggest winner?

