Hyperliquid to Unlock 1.75 Million HYPE Tokens for Developers and Core Contributors, Valued at $60.4 Million

HYPE

HYPE/USDT

$29.40

+7.97%

$29.40

+7.97%

(24s)

24h Volume

$568,888,529.70

24h H/L

$29.69 / $26.11

Change: $3.58 (13.71%)

Funding Rate

+0.0056%

Longs pay

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HYPE

Daily

$29.44

▲ 7.80%

Volume (24h): -

Resistance Levels

Resistance 3$34.683

Resistance 2$31.6473

Resistance 1$29.4825

Price$29.44

Support 1$28.3883

Support 2$27.1367

Support 3$25.63

Pivot (PP):$28.4133

Trend:Sideways

RSI (14):51.2

COINOTAG News reports that Hyperliquid confirmed via its official Discord channel that 1.75 million HYPE tokens will unlock for developers and core contributors this Saturday, equating to a current value above $60.4 million.

The release is embedded in a predetermined vesting plan and was disclosed well in advance, ensuring stakeholders understand the schedule before execution.

In comparison, roughly 270 million HYPE tokens were fully unlocked on November 29, 2024, with a market value near $9.5 billion.

Hyperliquid has not conducted external funding rounds, thereby limiting investor unlocking pressure during vesting events.

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