Hyperliquid releases $60 million in tokens and completes a new distribution for its developers

Hyperliquid has released $60 million in HYPE tokens for its team. We analyze the market impact and its unique strategy of operating without external venture capital.

The team behind Hyperliquid, the decentralized exchange that has gained traction for its operational efficiency, confirmed the execution of a Scheduled unlock of 1,75 million HYPE tokensThis release of assets, intended exclusively for developers and key collaborators, represents a market value exceeding $60,4 million at the time of execution, a figure that, although considerable, is part of a much more complex financial narrative than simply injecting working capital.

The confirmation came directly from Iliensinc, one of the project's main developers, who emphasized that this move follows a pre-established and previously communicated rights acquisition schedule. 

This financial maneuver by Hyperliquid comes at a sensitive time for the market, where the treasury management of crypto projects is under intense scrutiny. However, Hyperliquid's structure presents an anomaly in the industry: the lack of external capitalBy not having carried out funding rounds with venture capital funds, the project eliminates from the equation the traditional selling pressure exerted by institutional investors seeking to liquidate early profits, leaving the pricing dynamics in an exclusive tension between the user community and the founding team.

Financial sovereignty in the face of downward pressure

To understand the true magnitude of this HYPE token release, it's necessary to look at the full picture of the protocol's asset distribution. Releasing these 1,75 million tokens to the technical team is, comparatively speaking, a small fraction of the immense liquidity the protocol has already injected into the market. 

In late November 2024, the project achieved what is considered a milestone in digital wealth distribution: the full unlocking of approximately 270 million tokens. At current valuations, that event represented a mobilization of nearly $9.500 billion, a figure that dwarfs the recent payout to the developers.

According to experts, this initial mass distribution strategy sought to disrupt the status quo of digital financial product launches. Instead of prioritizing private investors who typically enter at seed stages with significant discounts, Hyperliquid opted for a model focused on rewarding early adopters and those building the infrastructure. 

The market reacted immediately to the news, registering, in the last week, a rise in the price of the asset of close to 11%. 

Hyperliquid: a revolutionary efficiency that redefines the crypto ecosystem

Hyperliquid has established itself as a true rarity in the crypto ecosystem, defying traditional corporate logic by operating an infrastructure that moves billions of dollars with a core team of just 11 peopleThis ultra-efficient structure allows the project to move with an agility that its bureaucratized competitors cannot replicate. 

Furthermore, Hyperliquid also stands out for its financial independence. While many protocols rely on external investors, who often pressure to sell tokens and generate quick profits—something that can harm the asset's value in the short term— Hyperliquid is self-fundedIts economic model generates millions in daily commissions that are not allocated to third parties, but are mainly reinvested in the repurchase of its own tokens, creating a cycle that favors sustained growth and continuous appreciation of the HYPE token.

Recently, in response to the new token unlocking, Hyperliquid displayed a prudent and thoughtful stance that reflects its commitment to stability. movements On-chain data indicates that the team avoided falling into a massive and disorderly sell-off. 

Balancing growth and stability

Of the tokens released, 75% was kept reserved or staked to generate more valueThis demonstrates the community's and the team's confidence in the long-term project. The remaining funds were managed carefully: 42% were reinvested in the ecosystem for various purposes, and only 23% were sold, but under a strategic plan.

According to the data, this sale was mostly carried out through private (OTC) agreements with Flowdesk, a deliberate decision to avoid pressure on the open market and protect the token's price. 

Although some competitors to the protocol, such as Lighter, are trying to gain ground by offering lower fees, the Hyperliquid community has valued the project's stability and strategy. Thus, after an initial correction of between 5 and 8%, the HYPE token has maintained sideways stability, which many interpret as a clear sign of institutional strength and respect for retail investors. At the time of writing, HYPE is trading at around $33,8, with a market capitalization of over $9.100 billion.