Hype Support Fund Outpaces Team Sales by 2:1 in Token Buybacks

The Hyperliquid ecosystem's support fund has been actively buying back HYPE tokens at a pace roughly twice that of team sales, according to recent on-chain data from MLM Monitor.

In December 2025, approximately 4.93 million HYPE tokens were unlocked and distributed to team members, representing about 0.493% of the total supply and valued at around $270 million at current prices.

About 1.19 million HYPE was sold directly on the open market, generating $32.5 million in cash, while an additional 3.14 million HYPE was transferred to an OTC platform with a transfer value of roughly $132 million.

This selling activity is notable, but the support fund's buying has been substantially larger, with approximately 9.8 million HYPE tokens purchased for around $364 million over the same period.