HYPE Dips to $22.4, Hits 2025 Low After Hyperliquid’s First Token Unlock Since TGE

COINOTAG News reports that Hyperliquid token HYPE has fallen 7.7% over the past 24 hours, trading near $22.4. The move marks a fresh low not seen since May 8, 2025, leaving HYPE about 62% below its all‑time high of $59.4. The project’s market capitalization stands around $7.6 billion.

On November 29 at 15:30 Beijing time, the initial HYPE unlock released 9.92 million tokens, valued at roughly $312 million and representing 2.66% of the circulating supply. In the immediate aftermath, HYPE traded around $34.4, with limited near‑term volatility observed post‑unlock.

Medium‑sourced notes confirm that core contributor tokens are locked for one year post‑TGE, with most vesting slated for 2027–2028. This aligns with a typical post‑TGE schedule and provides clarity on potential liquidity dynamics over the coming years.