$HYPE
HYPE unlocks $680 million today, a16z is still buying
Today, HYPE unlocked approximately 9.92 million tokens, valued at about $680 million. Arthur Hayes has exited his position, but the a16z associated address withdrew 224,000 tokens (around $15.16 million) from exchanges yesterday, bringing their total holdings to over $322 million. Additionally, around 500,000 HYPE tokens have just been staked, temporarily taken out of circulation.
The bears are focused on the selling pressure from the unlock, while the bulls are eyeing the protocol's revenue (97% buyback and burn) and institutional buying.
Existing positions are holding the $55 support line, and those who haven't entered yet are waiting for the selling pressure from the unlock to ease before reassessing.
#HYPE #代币解锁 #a16z
HYPE unlocks $680 million today, a16z is still buying
Today, HYPE unlocked approximately 9.92 million tokens, valued at about $680 million. Arthur Hayes has exited his position, but the a16z associated address withdrew 224,000 tokens (around $15.16 million) from exchanges yesterday, bringing their total holdings to over $322 million. Additionally, around 500,000 HYPE tokens have just been staked, temporarily taken out of circulation.
The bears are focused on the selling pressure from the unlock, while the bulls are eyeing the protocol's revenue (97% buyback and burn) and institutional buying.
Existing positions are holding the $55 support line, and those who haven't entered yet are waiting for the selling pressure from the unlock to ease before reassessing.
#HYPE #代币解锁 #a16z