Hyperliquid Faces Its First Real Crash Test — Will the $HYPE Unlock Break the Rally?

After establishing itself as a leading name in the on-chain perpetual DEX space, Hyperliquid (HYPE) is entering one of its biggest stress tests since launch. This November, Hyperliquid will unlock a massive amount of HYPE tokens, raising a critical question: Will the release fuel liquidity and adoption or trigger a sharp price correction? Supply–Demand Pressure and Short-Term Price Scenarios Tokenomist’s data shows that millions of Hyperliquid (HYPE) tokens will be unlocked in November, representing approximately 2.66% of the circulating supply. When a project releases many tokens at once, it inevitably faces the risks of dilution and sell pressure. Hyperliquid token...