I've triggered way too many people with the
$LIT post tbh and got a ton of requests to run the same numbers for
$HYPE, so here it is.
Starting from Nov 29 2025 Hyperliquid team, no VC btw, started unlocking
$HYPE
Excluding the first two significantly larger distributions of 1.43M
$HYPE in November and 1.13M in January, the team has been unlocking an average of 324K
$HYPE per distribution, worth around $25.9M at $80.
Now here's where it gets interesting.
$25.92M in average monthly unlocks
$311M annually unlocks
Hyperliquid is doing avg $2M in daily revenue, putting the protocol on track for around $700M in annual buybacks at the current run rate.
So you're looking at:
$311M annualized team unlocks vs $700M annualized buybacks.
Buybacks are running at 2.25x the unlock pressure.
Completely opposite setup to
$LIT
So the question is, with all the information given, who do you think is gonna win this race
$LIT or
$HYPE lmao