HYPE Token Faces $500M Monthly Unlock Test as Market Watches Supply Pressure
Hyperliquid's HYPE token enters a critical phase as its vesting schedule begins on November 29, unleashing $11.9 billion worth of tokens over 24 months. The market braces for $500M monthly unlocks—a supply shock that could reshape price dynamics.
Current buyback programs absorb just 17% of monthly unlocks, leaving $410M in net new tokens flooding markets each month. This persistent sell-side pressure threatens to overwhelm demand unless offset by institutional inflows or ecosystem growth.
Traders scrutinize liquidity patterns and resistance levels, drawing parallels to traditional market stress tests. The coming months will reveal whether HYPE's tokenomics can withstand this unprecedented supply expansion.