Hyperliquid Cuts Monthly Team Unlocks by Nearly 90%

Hyperliquid, the high-leverage crypto trading platform, announced a dramatic reduction in its upcoming team token unlocks.

$HYPE, the DEX’s powering token, barely reacted despite the intervention’s goal to slow down near-term token emissions.

Hyperliquid Drastically Reduces Team Token Emissions, Signaling Market Supply Shift

According to a post on the company’s Discord channel, 140,000 $HYPE tokens are scheduled for release next month. It marks a steep decline from the 1.2 million units unlocked in January.

The cut represents an almost 90% reduction in monthly team allocations, an interesting move for traders that monitor token supply schedules for potential price impact.

Team unlocks are often a source of short-term volatility in exchange tokens, and the sharp drop in $HYPE emissions may ease market pressure in the coming weeks.

This reduction in token unlocks could help stabilize liquidity and reduce sell-side pressure. Investors should therefore view this as a positive signal for managing supply overhang.

$HYPE) Price Performance">

Hyperliquid ($HYPE) Price Performance. Source: BeInCrypto

Nevertheless, despite the news, $HYPE price is down 3% and was trading for $32.93 as of this writing.

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