Hyperliquid’s $314M Unlock Raises Sell-pressure Fears

Hyperliquid is set for a $314 million token unlock on Saturday, releasing 9.92 million HYPE tokens—2.66% of total supply—in a single cliff event. The move has triggered debate among holders, with one community member issuing an open letter urging clearer communication from the team.

HYPE has fallen 23% over the past month, and industry voices like Arthur Hayes warn the unlock could add unavoidable sell pressure. Traders say dilution fears may already be reflected in the token’s declining FDV ratio.

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