HYPE Token Unlock to Test Price Action Worth $1.2 Billion
Hyperliquid is facing a major scheduled unlock of HYPE tokens worth approximately $1.2 billion on August 29, marking one of its most closely watched supply events this year.
The release represents about 1.4% of total HYPE supply and roughly 2.7% of the token's market value, with insiders receiving around 46.6% of the tokens.
Recent price action has seen HYPE reach an all-time high above $83 before pulling back toward the upper-$70 range, while growing adoption through Coinbase and renewed U.S. regulatory interest have improved the fundamental backdrop for the token.
The actual impact of the unlock on prices will depend on how recipients use their tokens, the strength of demand, and whether new buyers absorb the additional supply, with recent unlocks showing varying outcomes depending on broader market conditions.