TechFlow news, September 22: Arthur Hayes, co-founder of BitMEX, sold $HYPE tokens today, possibly due to upcoming significant unlock pressure. According to a Maelstrom fund report, starting November 29, a total of $11.9 billion (237.8 million HYPE) in tokens will linearly unlock over 24 months, averaging about $500 million per month. Current buyback capacity can only absorb 17%, meaning approximately $410 million in monthly supply surplus. Although DAT projects including Sonnet have raised $583 million in HYPE tokens and $305 million in cash, the scale remains insufficient to handle the impending unlock pressure. Nonetheless, Hayes remains optimistic about HYPE achieving a 126x growth by 2028.
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