CZ's involvement with Aster raises concerns about Hyperliquid's HYPE token unlock. Is a 'death spiral' looming, or is this just FUD?
The crypto world is buzzing with speculation. Is CZ, the former Binance CEO, orchestrating a takedown of Hyperliquid amidst its upcoming HYPE token unlock? Let's dive into the drama.
The HYPE Around Hyperliquid's Token Unlock
Hyperliquid, a decentralized exchange, is facing scrutiny as it approaches a significant HYPE token unlock. Scheduled to begin on November 29, the unlock will release 237.8 million HYPE tokens over 24 months. Concerns are rising about the market's ability to absorb this influx, potentially leading to a price drop.
CZ's Shadow Over Hyperliquid
Adding fuel to the fire is the emergence of Aster, a rival exchange rumored to have CZ's backing. Some accuse CZ of holding a substantial amount of HYPE and strategically timing Aster's launch to coincide with Hyperliquid's token unlock. This has led to speculation that CZ might attempt to
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