$314M Hyperliquid Token Unlock Sparks Debate on Sell Pressure and Transparency

A significant token unlock scheduled for Saturday, worth $314 million, has brought renewed attention to Hyperliquid’s tokenomics. This massive release of 9.92 million HYPE tokens represents approximately 2.66% of the total supply, causing concern amongst some community members. An open letter from a prominent X user named Andy demands greater transparency from the team regarding their plans for these unlocked tokens. While this unlock has been met with skepticism, particularly given its timing just before the token reaches price parity, it’s clear that many in the community anticipate a significant sell-off.