Hyperliquid will unlock 3.08 billion HYPE tokens for the first time on November 29, representing 2.66% of the circulating supply.

On November 24th, according to Tokenomist's data, the first token unlock of the Hyperliquid project is scheduled to occur on November 29th at 15:30 Beijing time. It is expected that 9.92 million HYPE tokens worth $312 million will be unlocked, accounting for 2.66% of the circulating supply. This is the first unlock since the November 2024 Total Good Event (TGE). As stated in the official Medium article, the core contributor tokens are locked for one year after the TGE, and the majority of the vesting will be completed between 2027 and 2028. Meanwhile, @mlmonchain noticed that the team unstaked 2.6 million HYPE tokens (approximately worth $85.8 million) about 29 hours ago, but no official statement regarding the unlocking process has been released yet.