Hyperliquid Unstaking Alert: 1.2M Tokens Move Before Jan 6 Sparks Tension

Hyperliquid recently unstaked 1.2 million HYPE tokens on December 28, preceding the protocol's first scheduled team distribution set for January 6, 2026. This move, part of a 24-month vesting plan covering nearly 24% of the total supply, was expected but has heightened market anxiety due to declining token prices. The monthly unlock, valued around $30–$33 million at current prices, represents about 0.3% of the total supply and is set to occur on the sixth of every month going forward to ensure predictability. While past events saw protocol buybacks absorb significant sell pressure, and a large token burn was recently approved to counter inflation, traders remain cautious. Sentiment is divided; some view the vesting as transparent, while others fear consistent multi-million dollar unlocks could cap price appreciation amid increasing competition in the perpetual DEX space.

(Source：CCN)