Hyperliquid Unlocks $60M in HYPE Tokens, Market Reacts

[madtrader]

Hyperliquid released 1.75 million HYPE tokens to its developers and contributors, worth over $60 million. The unlock was part of the project’s vesting schedule—but it still sparked concerns about selling pressure, with HYPE dropping 4.6%. The team emphasized its community-first model, noting it never raised external capital.

[Nahid Hossen]

A $60M token unlock is significant — market reaction was expected.

[Rimon Khan]

How the market absorbs this unlock will reveal true investor confidence.