Hyperliquid Distributes 1.75M HYPE Tokens to Team Members, Reiterates No Investor Unlocks
Hyperliquid has unlocked 1.75 million HYPE tokens exclusively for team members as part of its pre-announced vesting schedule. The move, clarified via a post on X, underscores the platform's commitment to transparency, emphasizing that no external investors received tokens—consistent with its no-venture-capital model.
A Discord screenshot accompanying the statement revealed that vesting schedules vary among team members, who retain discretion over their vested tokens. The distribution follows the November 29, 2024, unlock of ~270M tokens, valued at ~$9.5B, marking the largest airdrop in history by market value.
Speculation arose after on-chain analysts noted token movements, prompting Hyperliquid to dispel rumors of investor sell-offs. Lookonchain reported unstaking and restaking activity involving 2.6M HYPE ($89.2M), with portions redirected to staking contracts.
