Hyperliquid Unlock: How Much HYPE Will Actually Reach the Market?

The Hyperliquid unlock on September 6, 2026, is expected to release approximately 9.92 million HYPE tokens for core contributors, but how much of it will actually reach the market remains uncertain.

According to the Hyperliquid unlock calendar, this tranche has been scheduled since March and represents a linear vesting schedule, with an even distribution across 24 monthly tranches.

However, as seen in March, when only 1.75% of the planned amount was claimed, it's likely that only a fraction of the announced HYPE tokens will be released on September 6.

The difference between the scheduled release and actual claim is crucial to understand, as an unclaimed entitlement does not raise the circulating supply or tradable supply, but rather stays locked and reappears the following month.