Hyperliquid faces $1.16B HYPE unlock on October 29
- —14.8 million HYPE worth about $1.16 billion unlock on October 29
- —The tranche is 1.42% of max supply and 6.4% of the 222.4 million circulating tokens
- —Insiders get 46.6%, community 46.3%, foundation 7%
- —The final HYPE unlock is scheduled for November 29, 2029
Why it matters: The supply increase could add selling pressure and complicate HYPE's path back to its $98 record high and a break above $100 by year-end.
Source: Bithub