Nov 30, 2025
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Hyperliquid Unlocks $60M HYPE Tokens Amid Price Drop
The decentralized exchange Hyperliquid released 1.75 million HYPE tokens to developers and core contributors, valued at over $60.4 million, as part of its vesting schedule.
- The token release marks the first anniversary of Hyperliquid’s significant airdrop.
- HYPE token price decreased by over 23% in the past month and nearly 5% in the last 24 hours.
Token Distribution
- Founder-tier wallet received 170,619 HYPE.
- Senior-tier (14 wallets) received 1,049,986 HYPE.
- Mid-tier (2 wallets) received 99,998 HYPE.
- Smaller wallets received 30,000 HYPE each; remaining 9 wallets got 395,406 HYPE.
About 23.4% of the tokens were sold OTC to Flowdesk, around 9% were re-staked, 35% remained untouched, and another 33% were re-staked by Hyperlabs. Most contributors are holding or re-staking rather than selling.
HYPE Price Analysis
- Price is within a falling wedge pattern since September, below the 200-day moving average.
- A bullish break could push HYPE towards mid-$40 range, while $36 and $41 are key levels.
- A bearish outcome may lead the price to drop below $30, potentially reaching the $20s if support fails.
