秋田预测市场 · Discord 审计

HYPE代币解锁计划引发大幅稀释担忧

2026-07-02 · Hyperliquid · 25 条相关讨论

Pookeh 2026-07-02 04:59:12

About the unlock, 452k tokens monthly which if roughly 452k x 62 (token price) = 28 million usd which is like 35% of the monthly fees collected, that seems like a lot, really a lot. Am I missing something? Furthermore current non diluted market cap stands at 16bn but fully diluted market cap is 65bn fdv, since most of the unlock are to happen in 2026/27, would that divide hype value by roughly 4 because of the dilution? The solution would be not to unlock the full fdv to avoid crushing holders. I come from a tradfi background so pardon me if I'm missing something.

About the unlock, 452k tokens monthly which if roughly 452k x 62 (token price) = 28 million usd which is like 35% of the monthly fees collected, that seems like a lot, really a lot. Am I missing something? Furthermore current non diluted market cap stands at 16bn but fully diluted market cap is 65bn fdv, since most of the unlock are to happen in 2026/27, would that divide hype value by roughly 4 because of the dilution? The solution would be not to unlock the full fdv to avoid crushing holders. I come from a tradfi background so pardon me if I'm missing something.

Pookeh 2026-07-02 05:06:08

Could someone from the team have a quick look at my question because I feel it's super important for holders. I know the team has shown restraints until now on unlocks but if that changes, it could be terrible for the average holder. Dividing the Hype price by 4 and sending it to 20 I feel is an important question

Could someone from the team have a quick look at my question because I feel it's super important for holders. I know the team has shown restraints until now on unlocks but if that changes, it could be terrible for the average holder. Dividing the Hype price by 4 and sending it to 20 I feel is an important question

GeraltofRivia 2026-07-02 05:08:56

28m seems big but most of them will not sell

28m seems big but most of them will not sell

Pookeh 2026-07-02 05:09:42

<@1485050062445871196> you lack understanding of basic finance. Sell or not sell it doesn't matter.

<@1485050062445871196> you lack understanding of basic finance. Sell or not sell it doesn't matter.

Pookeh 2026-07-02 05:12:33

<@1485050062445871196> its not the hyperfoundation that earns the rewards, it's you, us, me. I can stake on their hyperfoundation validators and earn rewards for myself.

<@1485050062445871196> its not the hyperfoundation that earns the rewards, it's you, us, me. I can stake on their hyperfoundation validators and earn rewards for myself.

GeraltofRivia 2026-07-02 05:13:27

you are wrong, around half of staked hype is from foundation

you are wrong, around half of staked hype is from foundation

Pookeh 2026-07-02 05:14:50

The hype tokens staked belong to someone, including the rewards. I would guess they will do what they want with it.

The hype tokens staked belong to someone, including the rewards. I would guess they will do what they want with it.

GeraltofRivia 2026-07-02 05:18:21

<@820286865584029748> do you know the answer

<@820286865584029748> do you know the answer

Pookeh 2026-07-02 05:34:15

Bumping this because it's what stands between us and hype at 20 usd

Bumping this because it's what stands between us and hype at 20 usd

Pookeh 2026-07-02 14:20:43

You don't even understand what I wrote without Claude babysitting you, go back to bed.

You don't even understand what I wrote without Claude babysitting you, go back to bed.

12Ghast 2026-07-02 14:26:01

Wouldnt buybacks from assistance fund counteract this? Assuming that all tokens unlocked are dumped, should mean that circulating supply never really increases

Wouldnt buybacks from assistance fund counteract this? Assuming that all tokens unlocked are dumped, should mean that circulating supply never really increases

Pookeh 2026-07-02 17:25:55

Assistance fund only buys what it gathers in fees, and it's enough to sustain the 452k monthly unlocks even if it's quite dilutive. However if the full fdv is unlocked between now and 2027, may God help us all. Selling or not selling the unlocks doesn't matter. This is finance 101, and it's called dilution. More shares (or hype tokens in our case for the same income generated). I'm sure they understand that but we deserve some clarity, I'm actually stunned that the price if hype is that high knowing that a massive dilution is potentially around the corner, I guess the community trusts them and it's true they deserve credit because they could have diluted a lot more and they didn't. I just want reassurance that the dilution will be proportional to the income generated in order to avoid instant repricing of hype to 20 🙂

Assistance fund only buys what it gathers in fees, and it's enough to sustain the 452k monthly unlocks even if it's quite dilutive. However if the full fdv is unlocked between now and 2027, may God help us all. Selling or not selling the unlocks doesn't matter. This is finance 101, and it's called dilution. More shares (or hype tokens in our case for the same income generated). I'm sure they understand that but we deserve some clarity, I'm actually stunned that the price if hype is that high knowing that a massive dilution is potentially around the corner, I guess the community trusts them and it's true they deserve credit because they could have diluted a lot more and they didn't. I just want reassurance that the dilution will be proportional to the income generated in order to avoid instant repricing of hype to 20 🙂

Pookeh 2026-07-02 17:30:12

Hermit. Dude, it's 452k and it has been increasing, and I'm still ok with that level of dilution for now. The real threat is the full fdv unlock, and when/how fast it happens.

Hermit. Dude, it's 452k and it has been increasing, and I'm still ok with that level of dilution for now. The real threat is the full fdv unlock, and when/how fast it happens.

HERMIT 2026-07-02 18:03:05

no i just don't care. you mention claude a lot, i assume you're using claude to make your posts. double check the info it gives you before posting next time

no i just don't care. you mention claude a lot, i assume you're using claude to make your posts. double check the info it gives you before posting next time

Pookeh 2026-07-02 18:18:00

I see you provide great value to the community

I see you provide great value to the community

porhto 2026-07-02 18:26:03

I see you provide great value to the community

I see you provide great value to the community

Pookeh 2026-07-02 18:30:07

Yes. The only difference is that from my understanding the full (or most of it) is due by 2027, maybe I misunderstood that part.

Yes. The only difference is that from my understanding the full (or most of it) is due by 2027, maybe I misunderstood that part.

Pookeh 2026-07-02 18:33:43

I'm listening if you have other info I might have missed.

I'm listening if you have other info I might have missed.

porhto 2026-07-02 18:34:46

no one knows the vesting schedule, unfortunately.

no one knows the vesting schedule, unfortunately.