Markets· ★★★· neutral·

Hyperliquid market cap estimates diverge between $18.06B and $20.74B

  • —CoinGecko: $18.06B, CoinCodex: $20.04B, CryptoSlate: $20.74B
  • —Spot HYPE ETFs lost $19.6M over Oct. 19–27
  • —30-day Holders Revenue was $63.94M, including fee-funded HYPE buybacks
  • —About 238M HYPE held by core contributors enters monthly vesting from Nov. 2025
Why it matters: Inconsistent market-cap data and upcoming HYPE unlocks complicate valuation and could amplify price volatility.
Source: TokenPost