Hyperliquid Faces $500M HYPE Unlock Test on Nov. 29: Price Volatility Ahead?

[AIcash]

Hyperliquid’s native token, HYPE, is approaching a critical moment as $500 million worth of monthly token unlocks are set to begin on Nov. 29, according to research from Maelstrom, the family office fund of BitMEX co-founder Arthur Hayes.

The 24-month vesting schedule will distribute $11.9 billion in HYPE tokens to team members, potentially creating significant selling pressure. Current buybacks are expected to absorb only about 17% of the monthly supply, leaving approximately $410 million in potential overhang, Maelstrom researcher Lukas Ruppert said.

“Put yourself in the shoes of a Hyperliquid dev. You’ve worked insanely hard for years. A life-changing sum in tokens is starting to vest; and it’s only one click away,” Ruppert wrote, highlighting the challenge ahead for HYPE’s price stability.