Hyperliquid slashes team token unlocks by nearly 90%

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High-leverage crypto trading platform Hyperliquid has announced a sharp reduction in upcoming team token unlocks, signaling a significant shift in near-term supply dynamics. According to a company update shared on Discord, just 140,000 HYPE tokens are scheduled to be unlocked next month, down from 1.2 million released in January.

The nearly 90% cut is notable for traders closely watching token emission schedules, as team unlocks often create short-term selling pressure. The move suggests a more conservative approach to supply management following concerns that earlier releases could weigh on price action.

Despite the announcement, HYPE showed only a modest price reaction, indicating the market may have already priced in tighter supply or is awaiting further signals.

[bonk]

feels like one of those changes that only matters if volume and usage actually pick up