Arthur Hayes: Due to the huge unlocking pressure, I have sold HYPE today

HYPE will begin a 24-month linear unlocking process on November 29th, with a total unlocked amount of 237.8 million tokens. Based on a price of $50 per token, the team will unlock approximately $11.9 billion in total, with a monthly release of nearly $500 million. The current repurchase scale can only absorb approximately 17%, resulting in an estimated $410 million in selling pressure per month.