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Hyperliquid’s First Team Vesting Distributes 1.75M HYPE With Limited Selling

Markets now focus on the Dec. 29 release, with buyback capacity under scrutiny.

Overview

  • On-chain trackers show 1,745,746 HYPE reached 29 wallets, with 609,100 HYPE routed to Flowdesk, 234,600 HYPE re-staked by contributors, and roughly 902,000 HYPE left untouched.
  • Hyperlabs re-staked about 854,254 HYPE from team holdings, and the team executed a small on-chain sale of 1,200 HYPE for roughly $41,000 USDC.
  • HYPE traded in the mid-$30s with strong 24-hour volume near $349 million, and the immediate price move around the unlock was muted.
  • Analysts note only about 23% of the allocation moved to OTC versus larger prior fears, with November buybacks reported near $82 million and signs of whale accumulation at recent lows.
  • The next scheduled release is set for Dec. 29 with similar monthly distributions through Oct. 2027, and the project reiterates it has no VC or investor vesting unlocks.