HYPE Tests $98–100 Resistance Ahead of $856M Token Unlock
- —HYPE rallied from $50–60 in early September to an all-time high of $97.90 on September 22
- —About 97% of Hyperliquid perpetual futures fees fund HYPE buybacks, totaling roughly $1.3 billion
- —HIP-3 open interest reached $3.96 billion, but 98% is concentrated with a single developer
- —Assets in three US spot HYPE ETFs stood at $502 million as of September 25
Why it matters: The unlock of up to $856 million in tokens on October 6 could add selling pressure and determine whether HYPE holds above $80–85.
Source: Digital Today