Brothers of $HYPE , pay attention: today we’re set to unlock 14.18 million tokens, which is nearly 1.2 billion worth of sell pressure.
The entire HYPE circulating market cap is only 18 billion—meaning this is like suddenly adding 6.7% in potential sell pressure. HYPE brothers, keep a close watch on the order book today.
1. The unlock structure isn’t very friendly. 46.6% goes to insiders, 46.3% to the community, and 7% to the foundation. If HYPE’s price moves from 20 to 80, early holders will very likely take profits and sell out.
2. Also, the big whales are already distributing. A few days ago, on-chain data showed a whale sold about 1.95 million tokens and cashed out 110 million—clearly a high-level profit-taking.
3. Mainly because the fundamentals are also a bit weak. Protocol revenue has been falling for four consecutive quarters, dropping from 357 million in last year’s Q3 to 202 million in today’s Q2. HIP-3 shares some of the fees with builders, and the funds used for buyback and burn are decreasing.
Brothers, during these days, focus on risk avoidance. After the unlock, wait 3–5 days and then see how the sell pressure gets digested. #美联储9月加息概率升至57%
The entire HYPE circulating market cap is only 18 billion—meaning this is like suddenly adding 6.7% in potential sell pressure. HYPE brothers, keep a close watch on the order book today.
1. The unlock structure isn’t very friendly. 46.6% goes to insiders, 46.3% to the community, and 7% to the foundation. If HYPE’s price moves from 20 to 80, early holders will very likely take profits and sell out.
2. Also, the big whales are already distributing. A few days ago, on-chain data showed a whale sold about 1.95 million tokens and cashed out 110 million—clearly a high-level profit-taking.
3. Mainly because the fundamentals are also a bit weak. Protocol revenue has been falling for four consecutive quarters, dropping from 357 million in last year’s Q3 to 202 million in today’s Q2. HIP-3 shares some of the fees with builders, and the funds used for buyback and burn are decreasing.
Brothers, during these days, focus on risk avoidance. After the unlock, wait 3–5 days and then see how the sell pressure gets digested. #美联储9月加息概率升至57%