Hyperliquid confirms that 1.75 million HYPE tokens have been unlocked for developers and core contributors.
Foresight News reported that the Hyperliquid team confirmed that a total of 1.75 million HYPE tokens were unlocked for developers and core contributors on Saturday, with a current value exceeding $60.4 million. Hyperliquid developer iliensinc stated that this unlocking is part of a predetermined vesting schedule that had been disclosed in advance. For comparison, approximately 270 million tokens will be fully unlocked by November 29, 2024, which, based on today’s market value, is about $9.5 billion. Hyperliquid has never conducted external financing, so there is no investor unlock selling pressure.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Decentralized prediction platform OracleX will launch its global public beta on December 1.
Michael Saylor releases Bitcoin Tracker information again, possibly hinting at another BTC purchase
Large token unlocks for SUI, ENA, SANTOS, and others scheduled for next week
November was the second worst month for Bitcoin this year, with spot ETF recording a $3.48 billion outflow.
Trending news
MoreCrypto prices
More
