On June 6, Hyperliquid's HYPE token will undergo a significant unlock event where Core Contributors are scheduled to claim tokens. Although the initial schedule indicated about $675 million worth of HYPE tokens would be unlocked, the team plans to claim only around $38 million, significantly reducing immediate sell pressure. The event's impact depends on how many tokens enter the market, where they trade, and how market makers manage liquidity across spot and derivatives markets. Investors should monitor wallet flows, exchange liquidity, and derivatives funding rates to gauge market absorption and price stability. While unlocks can cause short-term volatility, the reduced claim and ongoing token burns by the Hyperliquid Assistance Fund suggest a more controlled supply increase. Traders are advised to use staggered orders and watch for post-event price retests to navigate potential volatility.
HYPE token dropped over 11%, briefly falling below the critical $65 level on OKX after Arthur Hayes publicly disclosed he liquidated all his HYPE and NEAR holdings. This sharp decline highlights the fragile liquidity and volatility in mid-cap altcoin...
Over $615 million in long liquidations, mainly in Bitcoin and Ethereum, caused a rapid crypto market sell-off within four hours, signaling a shift from bullish to cautious trading. Bitcoin fell 3.35% to $61,844, Ethereum dropped 7.46% to $1,654, and ...
Grayscale Investments has filed with the U.S. SEC to launch a spot Canton Coin ETF, allowing investors to gain direct exposure to Canton Coin without managing the token themselves. This move follows the recent launch of Grayscale's Hyperliquid stakin...
Cryptocurrency markets experienced a broad decline with major altcoins like Ethereum, Solana, and XRP falling sharply, signaling reduced risk appetite among traders. Bitcoin showed relative strength, dropping only 3.35% to $61,844, while its market d...
The UK's Financial Conduct Authority (FCA) has added Hyperliquid, a decentralized perpetual futures exchange, to its warning list for operating without authorization in the UK. This means British users who engage with Hyperliquid have no access to th...
