[Hyperliquid to Unlock $308 Million Worth of HYPE on November 29, Accounting for 2.66% of Circulating Supply] The Hyperliquid project plans to conduct its first token unlock on November 29 at 15:30 (UTC+8), unlocking an estimated $308 million worth of HYPE tokens, which accounts for 2.66% of the circulating supply. This marks the first unlock since the token generation event (TGE) in November 2024. According to the official Medium, core contributor tokens were locked for one year after the TGE, with the majority of vesting expected to be completed between 2027 and 2028. Additionally, observations indicate that the team unstaked 2.6 million HYPE tokens (valued at approximately $85.8 million) about 29 hours ago, though no official statement regarding the unlock process has been released yet. It is important to note that unstaking does not equate to selling, but market sentiment has already shown signs of panic and bearish reactions.