TechFlow news, November 30 — According to Tokenomist data, Hyperliquid's first token unlock occurred on November 29 at 15:30 Beijing time, releasing 9.92 million HYPE tokens worth $312 million, accounting for 2.66% of the circulating supply. Market data shows that HYPE has not experienced significant price fluctuations following this unlock.
This marks the first unlock since the TGE in November 2024. According to the official Medium post, core contributor tokens are locked for one year after TGE, with most vesting scheduled to be completed between 2027 and 2028.
Earlier, on September 22, Arthur Hayes stated that massive unlocks are a "sword of Damocles," which led him to choose to sell off his HYPE holdings.
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