Hyperliquid will unlock $308 million $HYPE on November 29, accounting for 2.66% of the circulating supply

According to Tokenomist, the first token unlock for the Hyperliquid project is scheduled for November 29 at 15:30 Beijing time, with an estimated unlock of $308 million worth of $HYPE tokens, accounting for 2.66% of the circulating supply. This is the first unlock since the TGE in November 2024.

According to the official Medium article, core contributor tokens are locked for one year after the TGE, with most vesting expected to be completed between 2027 and 2028. Meanwhile, @mlmonchain discovered that the team unstaked 2.6 million $HYPE (worth approximately $85.8 million) about 29 hours ago, but no official statement regarding the unlock process has been released yet. It is important to note that unstaking does not equate to selling, but market sentiment has shown panic and bearish reactions.