STATE OF THE $HYPE TEAM UNLOCKS:
So far, there's been 29 wallets that have received the distributed unlocks, amounting to about 30M worth of sell pressure.
However, very few have sold publicly on-chain.
There's a chance that they might sell it on some exchanges, but liquidity is indeed very thin.
I think most will opt to stake their $HYPE and be in it for the long haul.
But the supply overhang is not over yet, I believe it will take a few weeks to truly be "in the clear"
You can follow this below:
Track the unlocks here:
5,461
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