Hyperliquid team members sell $2.2M in HYPE tokens ahead of 10M monthly unlocks

Two Hyperliquid team members sold 75,000 HYPE tokens worth over $2.2 million following the project's first token unlock on November 29, according to on-chain data. The sales precede scheduled monthly unlocks of approximately 10 million HYPE tokens extending through October 2027. Market observers are monitoring the distributions closely amid concerns about sustained selling pressure on the asset.