By The Hyperliquid price has seen notable fluctuations over the past few months, currently sitting at $25.59, down 43.8% over the last three months.
Going into 2026, the upcoming token unlock of over 12 million HYPE tokens valued at close to $320 million on January 6, 2026, will set the stage for another roller-coaster.
Hyperliquid’s January token unlock
The scheduled January token unlock is part of a broader, carefully planned vesting schedule designed to maintain orderly token flows and provide investors with clarity about when new supply enters the market.
Originally, about 17 million HYPE tokens were scheduled for release, but the team reduced this amount to 12,457,813 to strike a balance between meeting vesting obligations and minimising short-term selling pressure that could impact the Hyperliquid price.
To prepare for this release, the team already unstaked the tokens on December 28, 2025, signalling a methodical approach rather than an abrupt market move.
Looking ahead, the company has established a monthly schedule for team token releases, with future unlocks set for the 6th of each month.
By providing a consistent, transparent timeline, Hyperliquid allows investors to better anticipate potential market effects and plan their strategies accordingly, reinforcing confidence in the project’s long-term tokenomics.
Hyperliquid’s market performance in 2025
Throughout 2025, Hyperliquid demonstrated robust platform growth, generating a total revenue of $844 million, according to a 2025 recap released by ASXN.
The decentralised exchange attracted more than 609,700 new users, while cumulative trading volume soared to $2.95 trillion.
According to data shared on Blockworks, perpetual futures contracts drove the majority of revenue, significantly outpacing spot trading and HLP fees.
Bitcoin emerged as the most traded asset on the platform, followed by Ethereum and Solana, while the platform also expanded its offerings to include global equities like Apple, Tesla, and Google.
The total value locked on the platform is $4.49 billion, reflecting active liquidity but also underscoring the scale of assets likely to be affected by upcoming unlocks.
But despite strong performance metrics, Hyperliquid’s native token, HYPE, has experienced volatility, fluctuating between $22.27 and $36.14 over the past month.
Hyperliquid price forecast
Analysts predict that Hyperliquid’s price could reach $25.82 in the next 10 days, with short-term resistance levels positioned at $25.85, $28.98, and $35.03.
However, maintaining support above $22.09 will be crucial for HYPE to advance toward these targets, while a drop below this level could see the token test the $19.30 support.
Notably, historical trends suggest that HYPE has experienced cycles of volatility, with a peak of $35.03 in December 2024 and a subsequent low of $11.90 in April 2025, indicating that periodic corrections are part of the token’s natural market rhythm.
Looking further ahead, our 2026 forecast estimates a maximum price of $59.61 and a minimum of $19.94.
The combination of a predictable token unlock schedule, confirmed 37.5 million token burn, the anticipated $1B Hyperliquid Strategies Inc. public offering, and strong 2025 performance metrics provides investors with actionable insight into the Hyperliquid price outlook.
As the January 6 unlock approaches, traders should closely monitor trading behaviour, liquidity, and technical indicators to gauge HYPE’s potential trajectory in 2026 and beyond.
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