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BTCC / BTCC Square / Global Cryptocurrency /
Hyperliquid Labs Unstakes $31.2M Worth of HYPE Tokens for Team Distribution

Hyperliquid Labs Unstakes $31.2M Worth of HYPE Tokens for Team Distribution

Author:
Global Cryptocurrency
Published:
2025-12-29 08:17:02
14
3
BTCCSquare news:

Hyperliquid Labs, the team behind the leading decentralized perpetual futures exchange, has initiated the unstaking of 1.2 million HYPE tokens, valued at approximately $31.2 million. These tokens are earmarked for distribution to team members on January 6, 2026, as part of the protocol's scheduled monthly allocations.

The move comes amid a decline in the protocol's revenue, with weekly figures recently hovering between $9 million and $16 million. Despite this, Hyperliquid maintains its dominance in open interest, commanding a 45% market share, though it lags behind competitors like Aster and Lighter in 24-hour trading volume.

Co-founder Iliensinc announced the token unlock via Discord, emphasizing the team's commitment to transparency. According to Hypurrscan data, the tokens are currently in the withdrawal queue, with over 240 million HYPE tokens remaining staked in the Hyperliquid Labs wallet.

|Square

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