🚨 HYPERLIQUID UPDATE — UNLOCKING OF HYPE TOKENS

The Hyperliquid team confirmed the unlocking of 1.75M HYPE tokens this Saturday, valued at approximately $60.4 million.

According to developer iliensinc, this unlocking is part of the already defined vesting schedule and was communicated in advance.

🔍 Important context:

• On November 29, 2024, 270M tokens were fully unlocked, equivalent to $9.5B at the current price;

• Hyperliquid has never raised external capital, meaning:

👉 There is no selling pressure from investors;

👉 Only unlocking for developers and core contributors.

📌 What does it mean for the market?

The event is technical and expected, reducing the risk of surprises.

Since there are no VCs involved, the selling impact tends to be much lower than in other projects.

#Hyperliquid #HYPE #CryptoNews #Binance