HyperLabs Unlocks $23 Million in HYPE Tokens, Fueling Market Uncertainty

HyperLabs has unlocked 433,025 HYPE tokens worth over $23 million, sending them towards exchanges as part of its team vesting schedule. The move comes after a decline in HYPE's price from around $56 to $54.6 over the past two days.

The unlocked tokens were transferred through Flowdesk and OKX, but it is unclear how much of this supply will be sold. According to onchain analyst Ember, 165,000 HYPE worth about $9.23 million was moved onto market maker Flowdesk, with 75,000 HYPE exchanged for USDC.

This distribution is part of a broader vesting pattern that began in January and continues through 2027. The protocol's Assistance Fund uses trading fee revenue to acquire HYPE, creating recurring demand that can absorb some of the supply entering circulation.