The post HYPE Soars 3.5% After 1.2M Token Distribution Announcement appeared on BitcoinEthereumNews.com.

Key Highlights On December 29, the HYPE token witnessed a surge of over 3% on a daily chart, soaring its value to $25.89 This surge comes after the cryptocurrency exchange announced a major token distribution with 1.2 million unstaked HYPE tokens In 2025, Hyperliquid generated $844 million in revenue On December 29, Hyperliquid’s native token, HYPE, witnessed a small rally with a 3.5% surge on a daily chart, climbing its value to $26.24 with an impressive market capitalization of $8.89 billion. According to CoinMarketCap, the cryptocurrency is trading at around $26. This spike in cryptocurrency follows a $90,000 rally in Bitcoin and an impressive performance of the decentralized exchange in 2025.  Despite the spike in HYPE, the Community Sentiment Index still shows 67% bullish and 33% bearish.  HYPE Soars Ahead of Major Token Distribution for Team On December 28, Hyperliquid co-founder Iliensinc informed the community via Discord that a major token distribution is set to begin. Hyperliquid Labs has unstaked 1.2 million tokens, worth approximately $31 million at current prices, for allocation to the project’s main team members. The first distribution is scheduled for January 6, 2026, initiating the official start of a pre-defined vesting schedule for team rewards.  This event is part of the project’s established 24-month linear vesting plan for the team allocation, which constitutes 23.8% of the total token supply of 1 billion. The announcement provided clarity on the future schedule, noting that any subsequent distribution to the team will occur predictably on the 6th day of each month.  This transparency is designed to manage market expectations and help mitigate potential sudden sell pressure from the token unlocks.  The distribution is consistent with Hyperliquid’s bootstrapped, venture-capital-free model, ensuring that all token releases are internal and aligned with long-term project incentives.  This announcement has received mixed reactions from…

---

Filed under: News - @ December 30, 2025 5:27 am