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HYPE token unlock adds $23M supply, pressuring price amid bearish signals and heavy long liquidations.

Technical Signals
08 Aug 2026
Blockonomi
View Source
Bearish
HYPE token unlock adds $23M supply, pressuring price amid bearish signals and heavy long liquidations.

Hyperlabs unlocked 433,025 HYPE tokens worth over $23 million, increasing market supply concerns as many tokens moved to exchanges like Flowdesk, OKX, and Bybit. This supply increase comes during a period of weak demand, with HYPE price dropping 3.5% to $54.76 and heavy long liquidations totaling $1.83 million. Technically, HYPE is in a symmetrical triangle pattern, signaling uncertainty with potential resistance at $67.65 and support near $44.52. The token unlock adds fundamental pressure, but the market's reaction depends on how quickly buyers absorb the new supply.

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