Hyperliquid Labs will distribute the first round of 1.2 million HYPE tokens on January 6.
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Hyperliquid Labs plans to conduct the first round of HYPE token distribution on January 6. Approximately 1.2 million HYPE tokens (valued at about $31.2 million) have been unstaked and will be distributed to team members. The total supply cap of HYPE is 1 billion tokens, with about 238.4 million currently in circulation. The trading price is around $26, giving it a market capitalization of $6.2 billion and a fully diluted valuation of $25.1 billion. Over 61% of the tokens remain locked.
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