Hyperliquid confirms a total of 1.75 million HYPE tokens have been unlocked for developers and core contributors, worth over $60.4 million.

BlockBeats News, November 30th, the Hyperliquid team confirmed in the official Discord channel that a total of 1.75 million HYPE tokens will be unlocked for developers and core contributors this Saturday, with a current calculated value of over $60.4 million. This unlock is part of a predetermined vesting plan and was disclosed in advance.

For comparison, approximately 270 million tokens were fully unlocked on November 29, 2024, with a current market value of around $9.5 billion. Hyperliquid has never conducted any external funding rounds, so there is no investor unlock selling pressure.