Hyperliquid will unlock 3.08 billion HYPE tokens for the first time on November 29, representing 2.66% of the circulating supply.

BlockBeats News, November 24th, according to Tokenomist data, the first token unlock of the Hyperliquid project will take place on November 29th at 15:30 Beijing time, with an expected unlock of 9.92 million HYPE tokens worth $312 million, accounting for 2.66% of the circulating supply. This is the first unlock since the November 2024 TGE. According to the official Medium article, core contributor tokens are locked for one year post-TGE, with the majority of vesting to be completed between 2027 and 2028.

Meanwhile, @mlmonchain discovered that the team unstaked 2.6 million HYPE tokens (worth approximately $85.8 million) about 29 hours ago, but has not yet released an official statement regarding the unlocking process.