The future sale of the Hypeliquid team depends on the development of HYPE prices. After the first release on November 29, the project team obtained 1.745 million HYPE, which may hit the markets soon.
Approximately 235,000 HYPE was staked, while 609,000 HYPE was sold OTC via Flowdesk. More than 900,000 HYPE remained on the Spot market.
A week later, on chain data showed that the two team members unloaded an additional 75,000 HYPE, worth over $2.2 million. Additionally, another team member’s wallet staked an additional 75,000 HYPE.
Will monthly unlocks weigh on the HYPE price?
But this was the first monthly release, which will allow run until October 2027, releasing approximately 10 million HYPE at the end of each month.
The team’s allocations are the most watched as analysts believe they will be the first to shed to afford the construction of the leading perpetual DEX platform.
Source: Tokenomist
Interestingly, the recent move suggests that each team member will choose a different strategy for their unlocked HYPE. However, it is likely that these unlocked tokens will eventually be sold on the market.
According to Delphi Digital analyst Jason, it will be easier to gauge future sales pressure after a few months of unlocking.
“I’ll wait and see how the market digests this and subsequent releases. Before I can comfortably extrapolate what selling pressures might look like, I need to observe how well the protocol’s revenues are being offset.”
Following the announcement of the team’s latest dump, HYPE briefly fell below $30. That’s down about 17% from this week’s high of $36.
Source: HYPE/USDT, TradingView
On price charts, the key support zone is between $25 and $28 (white zone), which was a breakout zone during the early 2025 rally. Whether the Fed’s rate decision will change the trajectory remains to be seen.
Sentiment vs Market Dynamics
However, funding rates declined from mid-week, highlighting the shift towards bearish sentiment over the past few days.
Source: CoinGlass
That said, demand has also improved, especially after the recent Hyperliquid Strategies and Sonnet projects. merger this could offer fresh cash flow demand for the crypto asset.
But the current market contraction could also affect HYPE’s traction and buyback program. Within 24 hours for example, the project redeemed 21,700 HYPE tokens; however, due to the issuance of stakers (26.7k HYPE), there were over 5k HYPE of inflationary tokens in the market.
Source:
So unless Treasury supply picks up or market sentiment improves, HYPE could be under pressure ahead of further monthly releases.
Final Thoughts
- The Hyperliquid team has unlocked more tokens starting with the November unlock.
- The current buyback program is not enough to offset the selling pressure in the current context.
