HHYPE · HyperliquidIn progress
Updated May 2026

Research in progress. This analysis is preliminary — figures, tags, and conclusions may still change as more sources are verified.

Pressure Framework · Tier 1

HYPE — supply is being bought faster than it unlocks.

Predictable (Tag A) flows only. The Assistance Fund buys ~2.95× more HYPE than the team vault releases — so circulating supply is roughly flat-to-shrinking despite ongoing unlocks.

Last 90 days
1M
Sell pressure
2.95M
Buy pressure
Buy / Sell = 2.95× — net +1.95M HYPE (buy)
Next 90 days (assumes status quo)
1M
Sell pressure
2.95M
Buy pressure
Buy / Sell = 2.95× — net +1.95M HYPE (buy)

Metric 1 — Sell pressure

By trackability of total supply (999.2M HYPE). Only Tag A enters the bars.

Tag A — trackable + predictable
~660M
Vault 0x43e9 (241.5M) + future emissions (~418M)
Tag B — trackable + unpredictable
~60.2M
Hyper Foundation 0xd57e (staked, discretionary)
verified via official API
Tag C — untrackable
~238M
Anonymous float (unidentified wallets)
estimate, pending holder labeling

Metric 2 — Buy pressure

Two categories only (no Tag C). Only Tag A enters the bars.

Tag A — trackable + predictable
+2.95M / 90d
Assistance Fund buyback (+32,723/day) + burns
Tag B — trackable + unpredictable
Institutional / discretionary buys
none confirmed yet

More data

Total supply
999.2M
Circulating
298.7M
Future emissions
414.7M
Assistance Fund
44.44M (≈ burned)
Staked
432M
Price
$58

Confidence: buyback rate, supply, AF/vault balances — verified directly from the Hyperliquid API. The 90-day flows use current rate × 90 (the chain stores only current state; a daily snapshot is now recording exact history). Tag C and Tag B figures are estimates pending wallet identification.