According to The Defiant, HYPE token has dropped below $50 as investors worry about the impact of upcoming unlocks. Hyperliquid’s core contributor unlocks will begin on Nov. 30, 2025, with 237 million HYPE tokens, worth approximately $11 billion, becoming liquid through 2027. BitMEX co-founder Arthur Hayes recently sold all his HYPE, and his family office, Maelstrom, stated that token unlocks could not be offset by buybacks or digital asset treasuries. Jon Charbonneau and Hasu proposed a 45% short-term reduction in HYPE supply and removing the total supply cap, citing supply overhang concerns. The token is down 20% from its $59 all-time high reached five days ago.
HYPE Token Drops Below $50 Amid Upcoming Unlocks and Supply Proposals
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