Hyperliquid confirms the unlocking of a total of 1.75 million HYPE tokens 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 unlock for developers and core contributors this Saturday, with a current calculated value of over $60.4 million. This unlocking is part of a pre-established vesting plan and was disclosed in advance.

HyperLiquid co-founder Iliensinc stated that, for comparison, about 270 million tokens fully unlocked on November 29, 2024, with a calculated today market value of around $9.5 billion. Hyperliquid has never engaged in external fundraising, so there is no investor unlocking sell pressure.