Hyperliquid Unlocks 10 Million Tokens: Could This Be the Catalyst to Propel HYPE Toward $50?

A massive token unlock just hit the market. Hyperliquid, a leading decentralized exchange, has released 10 million HYPE tokens from their vesting schedule. The move floods the circulating supply—and sets the stage for a volatile price showdown.

Supply Shock or Growth Fuel?

Token unlocks are a double-edged sword. They can signal confidence from early backers ready to deploy capital, or they can trigger a sell-off as locked holdings suddenly become liquid. For HYPE, the 10 million token injection represents a critical test of market depth and investor conviction. Will demand soak up the new supply, or will it weigh on the price?

The $50 Question

Market chatter is fixated on one number: $50. It's a psychological milestone that, if breached, could unlock a new wave of momentum trading. Reaching it post-unlock would be a powerful testament to underlying strength, cutting through the typical 'sell-the-news' narrative that plagues scheduled crypto events. It bypasses weak hands and targets the long-term ledger.

All eyes are now on order book depth and exchange flows. A sustained hold above key support levels after the unlock would signal that the market is digesting the new supply, not drowning in it. Conversely, a sharp drop could see the $50 talk evaporate faster than a meme coin's utility.

In the end, unlocks separate projects with real use from those running on vaporware and promises. This one's a litmus test for Hyperliquid's ecosystem—and a fresh reminder that in crypto, 'fully diluted valuation' is often just a fancy term for hope priced in advance.

HYPE Holds Key Support; Is a Rebound Ahead?

However, the crypto analyst, Tryrex, noted that interestingly, HYPE, unlike some other altcoins that are observing severe turbulence, is actually holding up well, demonstrating considerable strength within a highly volatile market. Market sentiment is strong, with investor confidence not wavering, despite considerable uncertainty, due to strong support levels. Clearly, the token is bucking a market trend.

Source: Tryrex

Analysts observe that Bitcoin could be nearing a key level on the bottom, which may stimulate the overall market to recover in the coming weeks. Hyperliquid’s price chart shows it to be capable of sustaining above $24 with a possible reversal to levels of $35. This stability demonstrates the strength of this token in the market and its attractiveness to investors.

HYPE Price Eyes $50 Target After Holding Key Support

Moreover, the crypto analyst, LaCryptoLycus,emphasized that the token is displaying the initial stages of the formation of the classic cup and handle pattern, which is overwhelmingly deemed by technical analysis experts to be highly bullish. The current level of the price is strongly placed at the support level, which seems highly critical for the next major breakout. If the level is maintained firmly, the coin might start the formation of the handle at the $50 level.

Source: LaCryptoLacus

The resistance point of $36 is under close observation, and any failure to overcome it could weaken the formed structure to a considerable extent. A failure at this point could easily trigger a stronger correction, which could pave the way for a deep correction in the coming days and weeks ahead. The coming days will be important to see if the token will MOVE ahead or face selling pressure.

Also Read: Hyperlane (HYPER) Falling Wedge Signals Potential 300% Long-Term Upside