The Hyperliquid team has unlocked 1.75 million $HYPE, and on-chain data reveals an unexpected trend.

[Coin World] Hyperliquid's team Token unlock this time is quite interesting. About 1.75 million $HYPE were just released over the weekend, which amounts to approximately 60 million US dollars at the current price.

Interestingly, on-chain actions can be quite telling—of the batch of coins unlocked, less than a quarter (23.4%) flowed into OTC channels, while 40% were directly re-staked. Team members have complete control over their own Tokens, and their unlocking paces are not uniform.

However, what everyone is more concerned about now is another question: the team currently holds a total of 238 million $HYPE. Based on the data from this unlocking, the overall release period is likely to far exceed the initially stated 24 to 48 months. The specific extent of this time discrepancy has not yet been clearly answered by on-chain data, but it is evident that it does not align with the initial commitments.

Token unlocking has always been a sensitive topic, especially when it involves team shares. The data will speak for itself, and it remains to be seen whether the subsequent unlocking pace can be justified.