Hyperliquid HYPE Unlocks 9.92M Tokens Worth $312M (2.66% Circulating Supply) After 2024 TGE

COINOTAG News on November 30 cited Tokenomist data showing Hyperliquid’s initial token unlock occurred on November 29 at 15:30 Beijing time, releasing 9.92 million HYPE tokens valued at about $312 million, representing roughly 2.66% of the circulating supply. Price action was muted, with HYPE near $34.4, down 1.43% in the last 24 hours and up 7.9% over the past week.

Official Medium notes indicate core contributor tokens were locked for one year post-TGE, with the majority of vesting scheduled for 2027–2028, suggesting a gradual unlock trajectory that could influence liquidity and market expectations as supply dynamics evolve.

Arthur Hayes previously described large-scale unlocks as a potential risk for holders, framing them as a Sword of Damocles for token economics. The latest unlock underscores the importance of disciplined disclosure and prudent risk management around Hyperliquid governance and liquidity planning.