$HYPE Hyperliquid will release 3.7 million tokens today. Will prices be affected?
The Hyperliquid Labs team announced the unfreezing of 3.75 million HYPE tokens today, worth approximately $329 million, saying that the entire tranche will go to a single institutional buyer.
Co-founder Eilensink explained the plan to distribute these tokens as a reward to the Hyperliquid team for October, via the project’s Discord server on Wednesday.
The Hyperliquid Labs team announced the unfreezing of 3.75 million HYPE tokens today, worth approximately $329 million, saying that the entire tranche will go to a single institutional buyer.
Co-founder Eilensink explained the plan to distribute these tokens as a reward to the Hyperliquid team for October, via the project’s Discord server on Wednesday.
