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      Hyperliquid's HYPE Token Reaches New High Ahead of $1.2 Billion Unlock

      Hyperliquid's HYPE token achieved a new all-time high of $83.27 over the weekend, marking a significant milestone just days before a scheduled token unlock valued at $1.2 billion. Following this peak, the token's price adjusted to approximately $77.50, resulting in a market capitalization of nearly $19.5 billion.

      The upcoming unlock on August 29 will release 14.18 million HYPE tokens, which constitutes about 1.4% of the total supply and 2.7% of the token's market value. A substantial portion of the unlocked tokens, approximately 46.6%, will be allocated to early investors, while 46.3% will go to the community and 7% to the Hyper Foundation. At current valuations, the insider allocation is estimated to be worth around $560 million.

      Hyperliquid has implemented a monthly unlock schedule since its launch in November 2024, with varying market reactions to previous releases. The latest unlock coincides with a period of growth for the decentralized perpetual futures exchange, especially after Coinbase integrated Hyperliquid's infrastructure into its Base app, allowing for up to 50x perpetual futures trading. Additionally, regulatory developments have emerged, with President Donald Trump indicating that the Commodity Futures Trading Commission is working towards bringing Hyperliquid into compliance for U.S. operations.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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