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Hyperliquid's HYPE token may rise 20% after unlocking 9.92M tokens worth $630M on July 6.

Technical Signals
02 Jul 2026
FXEmpire
View Source
Bullish
pluang ai news

Hyperliquid is set to unlock 9.92 million HYPE tokens valued at about $630 million on July 6, increasing the circulating supply by nearly 4%. Historically, HYPE has shown mixed price reactions to unlocks but averaged a 4.17% gain in the week following six unlock events in 2026. Technically, HYPE is trading within an ascending channel and could rebound up to 20% toward $76.66 if it holds key support levels. However, recent large token deposits linked to venture firm A16Z on exchanges may increase short-term selling pressure, posing downside risks if demand does not absorb the supply.

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