Arthur Hayes: HYPE Faces Inevitable Sell Pressure Despite Team Commitments

Arthur Hayes said on Nov. 24 that HYPE's path forward requires substantial revenue growth to overcome uncertainty, noting that team promises not to sell lack binding force and daily sell pressure must be anticipated. The market has reflected this outlook, with the P/FDV ratio declining by half since the July price peak, Hayes observed. Hyperliquid's first token unlock is scheduled for Nov. 29 at 15:30 Beijing time, releasing 9.92 million HYPE tokens valued at $312 million, representing 2.66% of circulating supply, Tokenomist data show.