[Hyperliquid Labs to Distribute First Round of 1.2 Million HYPE Tokens on January 6] Hyperliquid Labs plans to conduct the first round of HYPE token distribution on January 6, with approximately 1.2 million HYPE tokens (valued at around $31.2 million) unlocked and set to be distributed to team members. The total supply cap of HYPE is 1 billion tokens, with approximately 238.4 million tokens currently in circulation. The trading price is around $26, giving it a market capitalization of $6.2 billion and a fully diluted market capitalization of $25.1 billion. Over 61% of the tokens remain locked.