$60M HYPE Token Unlocking: Major Sell Event Inbound?
The post $60M HYPE Token Unlocking: Major Sell Event Inbound? appeared on BitcoinEthereumNews.com.
Key Notes Hyperliquid’s $60M HYPE unlock hit a market stuck in a prolonged downtrend. On-chain data shows most contributors held or restaked their tokens. Technicals place HYPE at the bottom of a falling wedge. The team behind decentralized exchange Hyperliquid released 1.75 million HYPE tokens to developers and core contributors, worth more than $60.4 million, as part of its long-standing vesting schedule. The unlocking comes on the first anniversary of Hyperliquid’s historic airdrop, one of the largest and most community-focused token launches ever seen. On the other hand, the price of the HYPE token dropped more than 23% in the past month and almost 5% in the last 24 hours, as per CoinMarketCap data. The Hyperliquid team confirmed that 1.75 million HYPE tokens were unlocked on Saturday for developers and core contributors, worth over $60.4 million at current prices. According to Hyperliquid developer iliensinc, the unlock is part of the project’s predefined vesting schedule… pic.twitter.com/SLd346io08 — Wu Blockchain (@WuBlockchain) November 30, 2025 Not an Unusual Event According to Hyperliquid developer iliensinc, this event isn’t unusual. He reminded users that back in November 2024, nearly 270 million tokens fully unlocked in the largest airdrop in crypto history, now valued at about $9.5 billion. Moreover, Hyperliquid has no VC unlocks or investor vesting. Analyst KirbyCrypto confirmed that the founder-tier wallet received 170,619 HYPE, senior-tier (14 wallets) got 1,049,986 HYPE, and mid-tier (2 wallets) dropped 99,998 HYPE. Meanwhile, the smaller wallets received 30,000 HYPE, and the remaining (9 wallets) got 395,406 HYPE. That adds up to 1,745,746 HYPE. Hyperliquid TGE Unlock and What Actually Happened The first major unlock just passed. Here’s how tokens were distributed and what team members did with it. Distribution• Largest wallet (Founder-tier): 170,619 HYPE• Senior-tier (14 wallets): 1,049,986 HYPE• Mid-tier (2… pic.twitter.com/2zw4aSsWNH — kirbycrypto.hl 🌊🏄♂️ (@kirbyongeo) November 29,…
Filed under: News - @ November 30, 2025 8:28 am