HYPE has just set a new record at $83.27. Hyperliquid’s crypto then fell to around $77.50, for a capitalization close to $19.5 billion. However, the calendar arrives at a delicate moment. On August 29, an additional 14.17 million HYPE is scheduled to become available. Current value: approximately $1.2 billion.
In brief
- HYPE hit an all-time high of $83.27.
- 14.17 million tokens will be released on August 29.
- Nearly 47% of the released tokens are to go to the first investors.
Crypto HYPE breaks its record before August 29
Hyperliquid is enjoying a rather favorable period. A few days earlier, HYPE had already jumped 11% after statements by Donald Trump. The movement continued. Crypto HYPE reached $83.27 on Sunday before falling back below $80. Its capitalization is now around 19.5 billion. The next meeting arrives Friday August 29.
Hyperliquid must then release 14,175,778 tokens according to its issuance schedule. At the current price, the lot is worth around $1.2 billion. This represents 1.4% of the total HYPE crypto supply. And approximately 2.7% of its current capitalization.
Hyperliquid has carried out this type of unlocking every month since the launch of the token in November 2024. The one in August is among the most important remaining on the calendar. The price therefore arrives at the rendezvous on a record. Not empty-handed.
Nearly $560 million will go to insiders
Not all HYPE released on Friday will take the same direction. The first Hype crypto investors and contributors must recover 46.6% of the lot. About $560 million at current prices.
The community will receive 46.3%. The remaining 7% will go to the Hyper Foundation. It is especially the first part that traders watch. Investors who enter early generally have a purchase price well below the current price and can choose to take a portion of their profits.
This doesn’t mean they will sell. Previous releases have not produced the same result. After that of May, the crypto HYPE lost 14.1% in the following days. June gave an increase of around 1%. In July, the token fell by 7%.
Three unlocks. Three different reactions. Hyperliquid also arrives with greater activity than at the start of the year. JPMorgan had recently highlighted the growth of the protocol while warning of the competition which is strengthening around it. The market will now have to absorb a new tranche.
Hyperliquid arrives with several good news
The HYPE crypto record doesn’t just come from the chart. Coinbase this month integrated perpetual contracts with up to 50x leverage into its Base app using Hyperliquid’s infrastructure.
Donald Trump also spoke directly about the protocol. The US president indicated that the CFTC was working on a solution to allow Hyperliquid to enter the United States in a regulatory compliant manner.
For now, the platform remains inaccessible to American users. No authorization has yet been announced. The simple fact that the subject came to the White House, however, was enough to push HYPE upwards. A few months before, Bitwise already presented HYPE as one of the most undervalued crypto assets on the market.
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