Hyperliquid releases more than 2.6 million HYPE tokens: how they are distributed between staking and new addresses

The Hyperliquid team has circulated a significant amount of HYPE, with the announcement made on November 29th according to on-chain monitoring data. The release includes 2.6 million tokens (equivalent to approximately $91 million), marking an important move in the project’s liquidity management.

Distribution of the released tokens

Of the total unlocked amount, the team’s strategy was divided into three main directions. First, 854,254 HYPE (valued at $29.9 million USD) were re-staked in the same address that originally held them. This action reflects the intention to maintain a substantial portion of the locked capital.

Simultaneously, the team transferred 1,745,746 HYPE ($61.1 million) to 29 newly created addresses, thus distributing the funds in a decentralized manner. This move suggests possible plans to diversify asset locations or prepare for future transactions.

Subsequent movements: staking and transfers

Following these new addresses, there has been consistent activity. Four of them have returned 234,600 HYPE ($8.2 million USD) back to the staking protocol, consolidating the commitment to capital locking.

On the other hand, ten addresses have made transfers of 609,100 HYPE ($21.3 million USD) to trading institutions, indicating potential liquidity strategies or position management. The remaining 15 addresses hold a balance of 902,000 HYPE ($31.6 million) without additional movement so far.

Current HYPE context

With the current HYPE price around $24.80, these movements represent significant activities in ecosystem management. The 24-hour transaction volume stands at $5.05 million, reflecting ongoing market interest in the token. The team’s decision to distribute and re-stake these funds indicates a deliberate strategy to maintain stability and protocol operation while preparing for future development stages.