Supply Overhang Managed

Investors connect the buyback with the earlier $320 million HYPE unstaking and look for evidence that token supply will not flood exchanges. The key question becomes whether Hyperliquid Labs can coordinate treasury actions, OTC transfers, or vesting discipline without damaging decentralization optics.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.