Weekly Token Unlocks: HYPE Unlocks Tokens Worth Approximately $320 Million

marsbitPublicado a 2026-01-04Actualizado a 2026-01-04

Resumen

This week's major token unlocks feature significant releases from Hyperliquid and Ethena. Hyperliquid, a high-performance blockchain aiming to build a fully on-chain open financial system, will unlock 12.49 million tokens, valued at approximately $320 million. Ethena Labs, the creator of the algorithmic stablecoin USDe, will unlock 170 million tokens, worth roughly $42.91 million. USDe maintains its peg by utilizing collateral in BTC and stETH, generating yield from staking rewards and funding rates from short perpetual futures positions. Both projects have provided their specific token release schedules.

Hyperliquid

Project Twitter: https://x.com/HyperliquidX

Project Website: https://hyperfoundation.org/

This Unlock Amount: 12.49 million tokens

This Unlock Value: Approximately $320 million

Hyperliquid is a high-performance blockchain built with the vision of creating a fully on-chain open financial system. Liquidity, user applications, and trading activities synergize on a unified platform, aiming to accommodate all financial operations.

Specific release curve is as follows:

Ethena

Project Twitter: https://x.com/ethena_labs

Project Website: https://www.ethena.fi/

This Unlock Amount: 170 million tokens

This Unlock Value: Approximately $42.91 million

The algorithmic stablecoin USDe, launched by Ethena Labs, currently relies on collateral such as BTC and stETH, along with their inherent yields. It simultaneously creates Bitcoin and ETH short positions to balance Delta and utilizes perpetual/futures funding rates to maintain the peg and provide yields. Essentially, it uses the yield from spot positions to hedge the losses from the one-time short positions, achieving balance while capturing ETH staking yields and short position funding rates.

Specific release curve is as follows:

Preguntas relacionadas

QWhat is the total value of tokens unlocked by Hyperliquid this week?

AApproximately $320 million worth of tokens.

QHow many HYPE tokens were unlocked in this event?

A12.49 million tokens.

QWhat is the purpose of the Hyperliquid blockchain?

ATo build a fully on-chain open financial system that unifies liquidity, user applications, and trading activities on a single platform.

QHow many ENA tokens were unlocked by Ethena Labs this week?

A170 million tokens.

QWhat is the mechanism behind Ethena Labs' algorithmic stablecoin USDe?

AIt uses collateral like BTC and stETH, creates short positions in Bitcoin and ETH to balance Delta, and utilizes perpetual/futures funding rates to maintain the peg and provide yield.

Lecturas Relacionadas

Michael Saylor Claims It Has Become Impossible to Implement the Bitcoin Update He Opposed!

Michael Saylor stated that it has become mathematically impossible for BIP-110 to achieve its required 55% voluntary support threshold within the current Bitcoin mining difficulty adjustment cycle. According to his analysis of 946 blocks generated up to block 960,561, only 24 blocks included a version field signal supporting BIP-110. Saylor noted that all these signaling blocks were mined by DATUM miners sharing rewards through the OCEAN pool, with no supporting signals from miners outside OCEAN. He concluded that BIP-110 will not reach the 55% level in this cycle and argued the current signals do not represent a broad miner consensus. BIP-110 is a proposal aimed at making it harder to embed large non-financial data, like images or text, into the Bitcoin blockchain, promoting a view that Bitcoin should be used primarily for monetary transactions. Saylor opposes this, arguing the Bitcoin network should not arbitrate which transactions are necessary and that rules should not change based on the preferences of a few. He also contends that high support metrics may be inflated by automated signaling software rather than reflecting genuine miner support.

cryptonews.ruHace 22 min(s)

Michael Saylor Claims It Has Become Impossible to Implement the Bitcoin Update He Opposed!

cryptonews.ruHace 22 min(s)

Within Strategy's Framework, STRC's Dividend Yield Remains at 12% as Share Price Stays Below Par Value

Michael Saylor, Executive Chairman of Strategy (MSTR), confirmed that the dividend rate for its STRC perpetual preferred shares will remain at 12.00% through August 2026. The rate has increased from 9% at its July 2025 launch to the current high via a "ratchet" mechanism, which permanently raises the rate by 0.5% whenever the share price falls below $95. This mechanism is intended to push the price back toward its $100 par value and support Strategy's "at-the-market" (ATM) program for issuing new shares to fund Bitcoin purchases. However, the mechanism has not worked as intended. STRC shares closed at $89.46 on July 31, remaining about 10-11% below par value despite the record-high dividend. Competition from rival Strive's higher-yielding SATA securities has pressured demand. The persistent discount has forced Strategy to suspend new STRC issuances via its ATM program, limiting this funding channel for Bitcoin acquisitions. STRC's struggles reflect Bitcoin's own volatility, as the preferred shares historically move in tandem. Analysts have warned the ratchet structure carries long-term, one-way risk. A law firm is investigating Strategy's ability to maintain dividend payments if Bitcoin's price stays low. Retail investors own roughly 83% of outstanding STRC shares, a group seen as prone to panic selling during downturns. In response, Strategy has established financial reserves, including a liquidity cushion covering about 26 months of dividend/interest obligations, and a $2 billion share buyback program alongside a Bitcoin monetization framework, though the company emphasized it is not obligated to sell any Bitcoin.

cryptonews.ruHace 24 min(s)

Within Strategy's Framework, STRC's Dividend Yield Remains at 12% as Share Price Stays Below Par Value

cryptonews.ruHace 24 min(s)

Analyst: Bitcoin's Price Will Drop to $60k in August, Then Rebound to $70k

Financial analyst Andrey Poroshin has provided a new forecast for Bitcoin's price dynamics in August. Poroshin, an analyst at the Bitbanker exchange, expects the cryptocurrency market to experience a downturn this month, with prices retesting the $60,000 level due to a lack of supportive macroeconomic catalysts. He noted that the recent US Federal Reserve decision to hold interest rates did not significantly impact the market, while inflation remains above the 2% target. Poroshin stated that Bitcoin is ending July under pressure from moderate volatility and a lack of new macroeconomic stimuli, leading to continued market caution. According to his base scenario, Bitcoin will drop to a range of $60,000 to $62,000 before recovering to $70,000. He pointed out that even $70,000 remains below the cost of mining in the US, which has prompted some miners to shift towards AI data center operations. Poroshin cited the winding down of BitMEX's operations as a potential catalyst for a price rebound, suggesting the exit of weaker players often coincides with market reversals and reduced short-term selling pressure. He believes Bitcoin is currently less susceptible to geopolitical shocks, such as the Iran-US conflict, and does not expect significant market changes in August related to the pending CLARITY Act. Looking ahead, Poroshin forecasts that September will bring more active price fluctuations driven by potential Fed rate decisions and possible discussions or approval of the CLARITY Act.

cryptonews.ruHace 24 min(s)

Analyst: Bitcoin's Price Will Drop to $60k in August, Then Rebound to $70k

cryptonews.ruHace 24 min(s)

Following the Coldcard Hack, One of the Largest Bitcoin Wallet Hacks Recently, a New Wave of Losses Begins! Losses Are Mounting

Following a major hack targeting Coldcard hardware wallets, losses have surged to approximately 1,367 BTC ($88.6 million) across 4,585 addresses. The third wave of attacks stole an additional 207.7 BTC, exhibiting different patterns from the first two. While initial attacks used shared deposit addresses and targeted P2WPKH wallets, the latest wave employed unique recipient addresses per victim and focused on P2WSH addresses. Analysis by Galaxy Research cannot definitively link all three waves to the same attacker, raising the possibility of a second actor exploiting the known vulnerability. The stolen funds, predominantly from wallets holding under 1 BTC, remain unspent. The vulnerable Coldcard firmware was released in March 2021, and all stolen coins originate from after that date.

cryptonews.ruHace 1 hora(s)

Following the Coldcard Hack, One of the Largest Bitcoin Wallet Hacks Recently, a New Wave of Losses Begins! Losses Are Mounting

cryptonews.ruHace 1 hora(s)

Trump Media sells another 2,628 BTC, holdings fall to 4,261 BTC

Trump Media & Technology Group has sold an additional 2,628 Bitcoin (worth approximately $165 million), continuing a series of sales over the past seven months. According to blockchain data from Arkham cited by Lookonchain, these latest transfers to Crypto.com bring the company's total reported Bitcoin sales to 7,281 BTC (worth about $545 million), reducing its holdings by 63%. The company's remaining Bitcoin holdings now stand at 4,261 BTC, valued at $269.8 million. Trump Media initially purchased 11,542 BTC at an average price of $118,522 before beginning the sales. This activity occurs amid broader scrutiny of crypto ventures linked to former President Donald Trump, as lawmakers debate the CLARITY Act, which focuses on ethics rules, digital asset ownership, and potential conflicts of interest for public officials.

cointelegraphHace 1 hora(s)

Trump Media sells another 2,628 BTC, holdings fall to 4,261 BTC

cointelegraphHace 1 hora(s)

Trading

Spot