律动BlockBeats|11月 24, 2025 12:41
[Arthur Hayes: The only way out for HYPE is achieving massive revenue growth, even if the team promises not to sell, selling pressure will still exist]
BlockBeats news, on November 24, Arthur Hayes responded on social media to questions regarding 'only 5 days left until HYPE's first unlock, the community hopes to understand the token's future management plan and strategic layout for 2026 and beyond,' stating:
'It's simple math—HYPE's only way to break through uncertainty is to achieve massive revenue growth. Even if the team makes a firm promise not to sell, such a commitment is fundamentally unenforceable. Therefore, we must assume there will be selling pressure every day. The market has already seen through this—since the price hit an all-time high in July, the P/FDV (Price-to-Fully Diluted Valuation ratio) has been cut in half.'
BlockBeats previously reported, according to Tokenomist data, the first token unlock for the Hyperliquid project will take place at 15:30 Beijing time on November 29, unlocking 9.92 million HYPE tokens valued at $312 million, accounting for 2.66% of the circulating supply. This will be the first unlock since the TGE in November 2024.
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