Hyperliquid plans to unlock 308 million USD worth of HYPE tokens on November 29th, constituting 2.66% of circulating supply

Hyperliquid’s first unlock is scheduled on November 29th at 15:30 Beijing time, releasing HYPE tokens worth 308 million USD.

Despite recent unstaking activities of 2.6 million HYPE tokens valued at around 85.8 million USD, the market shows mixed reactions, with signs of panic and bearishness evident.