Incoming Hyperliquid $HYPE Token Unlock on May 29
Thursday, May 29, Hyperliquid $HYPE faces a moment the market has been quietly counting down to.
A total of 14,175,778 HYPE, worth roughly $869 million is set to unlock.
That’s about 6.37% of circulating supply entering the market all at once.
And the split makes it even more interesting:
46.6% goes to Core insiders
46.3% goes to the Community
7% goes to the Foundation
On one side of the ring is supply.
On the other side is Hyperliquid’s buyback engine, an on-chain machine that has been absorbing nearly $64 million worth of HYPE every month, steadily pulling tokens off the market.
Now the question many traders and investors wants an answer to is:
What happens when fresh supply meets one of crypto’s strongest buyback engines?
Do insiders hold?
Will the community sell?
Does the market absorb it?
Or does volatility remind everyone that crypto never moves quietly?
By this weekend, $HYPE charts may have an answer.
And everyone is watching!
@web3professor predicts a pull back from $64 to $56 – $50 this week.
DYOR
