@silverblossom
Hyperliquid, a perpetuals exchange and Layer 1 blockchain whose HYPE token has surged more than 1,000% since late 2024 and reached an all-time high earlier this week, is slowly approaching a sizable token unlock at the end of November.
According to data from DefiLlama, approximately 238 million HYPE tokens — or about 23.8% of the total supply — are allocated to core contributors, with the first unlock scheduled for November 29.
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