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$HYPE One day until the hype unlock. Based on the situation after last month's unlock, at 11:00 AM Beijing time on June 7, the recent low was reached at 55.47.
At 8:00 AM Beijing time on July 6, the unlock occurred, and by then the price should have already dropped significantly.
Pre-unlock high in June: ~$75.5
On unlock day June 6: 55.60 ~ 61.04, drop of approximately -12%
On June 7: 56.24 ~ 60.34, drop of approximately -11%
There was no panic crash; the overall pattern was a decline first, then stabilization and rebound. As early as June 7, funds were already buying at the lows.
The price gradually recovered later (back to near $70 in July), indicating that Hyperliquid’s own revenue + buyback mechanism absorbed most of the unlock pressure.