HyperLabs is at it again, and by now this playbook is very familiar to anyone tracking the wallet.
433,025 $HYPE (~$23.46M) just unlocked and is being gradually deposited into exchanges, including Flowdesk and OKX, the same distribution pattern this team has run multiple times before. Just weeks ago, a similar 452,000 HYPE ($32.32M) batch moved through Flowdesk before landing on OKX, Bybit, and Gate, and HYPE dropped 5% that same day.
Selling through a market maker like Flowdesk rather than dumping straight on order books is standard practice for reducing slippage on large size, but the end result tends to be the same, added supply pressure once the tokens actually hit exchange order books. This has become a recurring theme for HYPE specifically, unlock, route through Flowdesk, distribute across exchanges, repeat.
Worth watching whether price absorbs this batch better than it did last time, or if the pattern holds and pressure builds again.
Are unlocks like this priced in by now, or still moving the market each time? Drop your take, and follow, I follow back fast.
#HYPE #Hyperliquid #OnChain #SollyCrypto
433,025 $HYPE (~$23.46M) just unlocked and is being gradually deposited into exchanges, including Flowdesk and OKX, the same distribution pattern this team has run multiple times before. Just weeks ago, a similar 452,000 HYPE ($32.32M) batch moved through Flowdesk before landing on OKX, Bybit, and Gate, and HYPE dropped 5% that same day.
Selling through a market maker like Flowdesk rather than dumping straight on order books is standard practice for reducing slippage on large size, but the end result tends to be the same, added supply pressure once the tokens actually hit exchange order books. This has become a recurring theme for HYPE specifically, unlock, route through Flowdesk, distribute across exchanges, repeat.
Worth watching whether price absorbs this batch better than it did last time, or if the pattern holds and pressure builds again.
Are unlocks like this priced in by now, or still moving the market each time? Drop your take, and follow, I follow back fast.
#HYPE #Hyperliquid #OnChain #SollyCrypto