A $314 million Hyperliquid token unlock is scheduled for Saturday, releasing 9.92 million HYPE tokens worth about $314 million. The unlock has sparked public conversations among holders, with one community member urging clearer communication from the team before the tokens are released. The current HYPE price is $31, a 23% decline in the past month.

BitMEX co-founder Arthur Hayes warns of upcoming sell pressure due to the unlocking event, stating that insider assurances cannot eliminate uncertainty. He notes a drop in Hyperliquid’s price-to-fully diluted valuation ratio since July as evidence that traders are already factoring in dilution risk unless revenue growth outpaces supply increase.

While some community members advocate for more transparency, others believe the Hyperliquid team is not obligated to disclose their token plans. One user feels disclosing allocation amount and timing is sufficient, while another criticizes the open letter as “desperation” and supports the team’s decision-making autonomy.

Perpetual DEXs continue to see consistent daily volumes ranging from $28 billion to $60 billion in November, despite a broader crypto market slump. The top four perp DEXs – Lighter, Aster, Hyperliquid, and edgeX – recorded over $1 trillion in combined trading volume in the last 30 days. Hyperliquid ranked third with a $259 billion volume while edgeX saw $177 billion in the same period.

Read more at Cointelegraph: Hyperliquid’s $314M Unlock Fuels Calls for Clarity