Overview
- The Dec. 28 unstake prepares the first monthly team distribution on Jan. 6 under a two-year vesting plan.
- The 1.2 million tranche equals about 0.3% of the 420 million total supply, with the team allocation near 24%.
- At recent prices near $26–$28, each monthly release is worth roughly $30–33 million.
- Hyperliquid says future team unlocks will occur on the sixth of each month to reduce uncertainty for traders.
- The protocol cites daily buybacks of about 21,700 tokens versus staking emissions of roughly 26,700, alongside a prior burn of ~37 million HYPE and November buybacks near 1.9 million, as measures to temper sell pressure.