Hyperliquid’s HYPE token faces a monthly supply overhang of over $400 million due to its approaching vesting schedule, warned Arthur Hayes’ Maelstrom Fund on Monday.
Hyperliquid’s native token may be facing a “Sword of Damocles” moment in its biggest test yet, with $500 million worth of monthly unlocks set to begin Nov. 29, according to research from BitMEX co-founder Arthur Hayes’ family office fund, Maelstrom.
The Hyperliquid (HYPE) token will face its “first true test” on Nov. 29, when the 24-month vesting schedule kicks off, Maelstrom said Monday.
The vesting schedule will distribute $11.9 billion worth of Hyperliquid (HYPE) tokens over 24 months for team members, creating what analysts say could be significant selling pressure. Current buybacks would absorb only about 17% of that monthly supply, leaving an estimated $410 million in potential overhang, Maelstrom researcher Lukas Ruppert said.
