HYPE Token Unlock Reaches $856M in October
Token Unlock Alert: Hyperliquid will release up to $856 million in HYPE tokens on October 6 — the largest single token unlock scheduled for October across the crypto market. Separately, Hyperliquid Labs unstaked 3.75 million HYPE (~$320 million) on September 30 for an OTC sale to one institutional buyer, keeping those tokens off public order books. October sees about $1.3 billion in total crypto token releases. HYPE gained 1.85% in September, its second straight positive month. Past unlocks produced mixed reactions: -3% after August, -7% after July, +1% after June. Co-founder Jeff Yan stressed self-custody and transparency as key to onchain finance. Read more on CoinRaftar.
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