Hyperliquid unlock released 9.92M HYPE on May 6, 2026 as price held firm

On May 6, 2026, Hyperliquid distributed 9.92 million HYPE tokens worth about $375.84 million to Core Contributors, a release said to represent roughly 58% of that week’s total crypto unlock value. By May 09, 2026 (13:34 UTC), HYPE was trading at $43.71, up +1.02% on the week, with the next 9.92 million HYPE unlock scheduled for June 6, 2026 (about $429 million at current prices).