As per CoinRepublic, Hyperliquid's trading volume fell 32% after the team unlocked 1,745,746 HYPE tokens. Most tokens were held or restaked, with limited OTC sales. The unlock occurred on the token generation event anniversary, drawing attention to market behavior and liquidity. The HYPE price hovered around $33.02, with a market cap near $11.11 billion. Wallet data showed varied team actions, including OTC trades and restaking. Community discussions revisited Hyperliquid's growth story and long-term strategy.
Hyperliquid Volume Drops 32% After 1.7M HYPE Token Unlock
The Coin RepublicShare
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