On November 29, 2025, the HyperLiquid team restaked and redistributed 2.6 million HYPE tokens worth $91 million amid a significant token unlock, impacting several wallets.
This strategic management of $91 million in HYPE tokens addresses liquidity and market stability challenges amid heightened short-term selling pressure.
Redistribution of 2.6 Million HYPE Tokens in Multiple Phases
This movement reflects a calculated reaction to a previously scheduled token unlock, aiming to manage liquidity and staking dynamics amid potential short-term selling pressure. Currently, 609,100 tokens valued at $21.3 million have been sent to Flowdesk, an OTC trading firm. Meanwhile, four wallets have restaked a total of 234,600 HYPE tokens.
Market reactions have been mixed. There have been no official statements from HyperLiquid leadership or prominent crypto figures addressing this movement. However, the sustained staked amount on their HyperCore blockchain indicates an intention for continued institutional-grade participation.
Despite the short-term token movement, the team retains a substantial amount of staked HYPE (over 240 million tokens, valued at $8.36 billion), signaling ongoing long-term commitment. - HyperLiquid Team
Historical Context, Price Data, and Expert Insights
Historically, large token unlock events like this have often triggered short-term price declines. HyperLiquid's strategy here may mitigate potential volatility by leveraging institutional partnerships for liquidity management.
As per CoinMarketCap, HyperLiquid's HYPE token is currently priced at $35.95, with a market cap of $12.1 billion. Notably, the price has changed -0.30% over the last 24 hours and experienced an 11.29% increase over the week. The fully diluted market cap stands at $35.94 billion with 383 million trading volume in the past day.
Insights from Coincu research suggest institutional and tech-driven solutions can stabilize market behavior. The focus on maintaining a substantial share of staked tokens reflects strategic risk management, potentially dampening adverse effects on token valuations.