Catenaa, Thursday, January 01, 2026-Hyperliquid Labs, the team behind the Hyperliquid decentralized exchange, is scheduled to release its second major allocation of HYPE tokens on January 6, following the recent unstaking of 1.2 million tokens valued at roughly $31.2 million.
HYPE, the native token of Hyperliquid, launched via a community airdrop in November 2024. The total supply is capped at 1 billion tokens, with about 238.4 million currently in circulation. Over 61% of the supply remains locked, including a reserved 23.8% for core contributors, gradually unlocked under a vesting plan that begins after a one-year cliff. The first team allocation of approximately 1.75 million tokens occurred on Nov. 29.
Genesis distributions delivered roughly 310 million tokens to early adopters, while the remainder for team members follows a vesting schedule that is not fully disclosed. Hyperliquid co-founder iliensinc confirmed that future distributions are expected on the sixth of each month, although the vesting is not linear.
Earlier this month, the Hyper Foundation proposed burning about $1 billion worth of HYPE tokens from the Assistance Fund, which receives a portion of blockchain trading fees to reduce circulating supply. Hyperliquid continues to rank as the largest decentralized perpetuals exchange by accumulated volume, though competition from rivals like Lighter on Ethereum and Aster on BNB Chain has reduced its share of the total on-chain market.
The January 6 release will mark Hyperliquid Labs’ second token distribution since the launch, underscoring ongoing token allocation to team members amid broader market activity.
