Hyperliquid Hits Record High as $1.2 Billion Token Unlock Looms
In brief A scheduled unlock will release 14,175,778 Hyperliquid tokens on August 29, worth about $1.2 billion at current prices. The release equals 1.4% of total supply and 2.7% of HYPE's market capitalization.
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Key Facts
- Fact 1: In brief A scheduled unlock will release 14,175,778 Hyperliquid tokens on August 29, worth about $1.2 billion at current prices.
- Fact 2: The release equals 1.4% of total supply and 2.7% of HYPE's market capitalization.
- Fact 3: Nearly 47% of the unlocked tokens go to insiders — the largest single share of this release.
- Fact 4: Hyperliquid, the layer-1 blockchain and perpetual futures exchange, is on a tear—and investors in the project’s native token HYPE are reaping the benefits.
In brief A scheduled unlock will release 14,175,778 Hyperliquid tokens on August 29, worth about $1.2 billion at current prices. The release equals 1.4% of total supply and 2.7% of HYPE's market capitalization.
Nearly 47% of the unlocked tokens go to insiders — the largest single share of this release. Hyperliquid, the layer-1 blockchain and perpetual futures exchange, is on a tear—and investors in the project’s native token HYPE are reaping the benefits. Hyperliquid, which trades as HYPE, touched an all-time high of $83.27 on Sunday before slipping to around $77.50, data from CoinGecko shows.
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Original source: Decrypt
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