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Hyperliquid will unlock $308 million HYPE for the first time on November 29, accounting for 2.66% of the Circulating Supply.
On November 24, according to Tokenomist data, the first token unlock of the Hyperliquid project will take place at 15:30 Beijing time on November 29, with an estimated unlock of 9.92 million HYPE worth $312 million, accounting for 2.66% of the circulating supply. This is the first unlock since the TGE in November 2024. According to the official Medium article, core contributor tokens are locked for one year after the TGE, with most vesting expected to be completed between 2027 and 2028. Meanwhile, @mlmonchain discovered that the team unstaked approximately 2.6 million HYPE (worth about $85.8 million) about 29 hours ago, but no official statement regarding the unlock process has been released yet.