Upcoming January unlock highlights vesting dynamics and circulating supply changes for HYPE
Hyperliquid Labs is preparing for its next scheduled HYPE token distribution, as 1.2 million HYPE tokens are set to be released to team members in early January. The development comes as the project continues its multi-year vesting plan following the launch of one of the most actively traded decentralized perpetuals exchanges.
Details of the January HYPE Token Unlock
According to project communications, approximately 1.2 million unstaked HYPE tokens, valued at around $31.2 million at current prices, will be distributed to team members on January 6. This marks the second major team allocation, following an earlier distribution of roughly 1.75 million tokens in late November.
Future team distributions, if any, are expected to occur on the 6th of each month, signaling a structured but non-linear release schedule.
HYPE Supply and Vesting Structure
The total HYPE token supply is capped at 1 billion, with nearly 24% allocated to core contributors under a long-term vesting plan. Core contributors were allocated over 230 million HYPE tokens, subject to a one-year cliff followed by multi-year vesting. More than 61% of the total supply remains locked, limiting immediate sell pressure.
Currently, about 238 million HYPE tokens are in circulation. At a trading price near $26, the token carries a market capitalization of roughly $6.2 billion and a fully diluted valuation exceeding $25 billion.
At launch, the protocol distributed approximately 310 million HYPE tokens to early users and community members. Separately, the project has proposed burning a significant amount of HYPE sent to an assistance fund, a mechanism designed to permanently remove tokens from circulation.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.