HYPE Token Slides as Unlock Schedule Overpowers Hyperliquid’s Record Revenue

TLDR:  Core contributor unlocks release nearly 10M HYPE monthly, creating sustained selling pressure through 2027. Hyperliquid buybacks absorb only a fraction of new supply, leaving the token structurally net inflationary. Governance approval to mark 37M HYPE as burned improves optics but does not change unlock dynamics. Falling market share and spot volumes add stress as [...]

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