🚨 HYPE Token Unlock Alert: $300M Dump Incoming? 🚨
Hyperliquid's $HYPE just hit a massive cliff—9.92M tokens (2.72% of circulating supply) unlocking RIGHT NOW at 12 AM UTC, valued at ~$300M with HYPE at $30!
Team's 23.8% allocation drops monthly (already cut 30% from original vesting), but will they HODL or flood the market?
Watch team wallets like a hawk—past unlocks sparked 20%+ dips.
The Setup: $13M weekly fees, $6.2B TVL, up 662% since Nov '24 launch. Key support $30, resistance $38. Break $42 = moon to $150. Crack $28 = bloodbath to $22.
Trade Play:
Long above $32 (tight stop $29.5)
short below $30.50 (target $27).