HYPE price muted as Hyperliquid moves to curb supply pressure

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Hyperliquid’s decision to sharply scale back team token emissions has done little to spark immediate upside in HYPE’s price. The token was trading around $33.50 following the announcement, after a brief and limited uptick.

Market participants had previously flagged January’s 1.2 million-token unlock as a potential oversupply risk, particularly for a high-beta exchange token tied to leveraged trading activity. By reducing future unlocks, Hyperliquid appears to be aligning token distribution more closely with platform growth and liquidity conditions.

While the short-term market response was subdued, the move may help reduce sell-side pressure and support more stable trading conditions over time, especially if demand holds steady.

[bonk]

90% cut in unlocks and the price barely moves… market really said cool story bro