Hyperliquid Cuts Monthly Team Unlocks by Nearly 90%
Hyperliquid drastically reduced its upcoming monthly team token unlocks for HYPE by nearly 90%, from 1.2 million to 140,000 tokens.Summary
The high-leverage crypto trading platform, Hyperliquid, announced a significant reduction in the upcoming monthly token unlocks for its native token, HYPE. According to a Discord announcement, the team allocation for the next month will be 140,000 HYPE tokens, a steep drop from the 1.2 million units unlocked in January. This reduction represents an almost 90% cut in monthly team allocations. Such moves are closely monitored by traders as team unlocks often introduce short-term volatility. The sharp decrease in emissions is expected to ease market pressure, potentially stabilizing liquidity and reducing sell-side overhang, which is generally viewed as a positive signal. Despite this news, the HYPE token price was trading down 3% at $32.93 at the time of reporting.
(Source：BeInCrypto)