Hyperliquid sees $71M metals liquidations as HYPE jumps ~50% to $32.83; 140,000 HYPE unstake still due

first published 2026-01-29T12:48:34Z

Hyperliquid Labs will unstake 140,000 HYPE tokens today, with the tokens scheduled for team distribution on February 6. This is a downsize from a 1.2 million-token unstake in January; a much larger 10 million-token release in November 2025 previously triggered sell-off concerns and price declines. Traders reacted positively to the smaller unstake and praised the team. Hyperliquid reports strong adoption on its Layer 1, generating over $58 million in daily fees.

AI Analysis

Article states a 140,000 HYPE unstake and Feb 6 team distribution (direct supply event), notes it is smaller than a 1.2M unstake in January and follows a 10M November 2025 release that caused sell-offs, and reports trader praise and strong Layer 1 adoption with $58M+ in daily fees; these facts support modest negative sentiment but low trader-impact.

Source Articles