October 6 token unlock: What it means for the Hyperliquid price

Hyperliquid (HYPE) released 3.75 million tokens for core contributors on October 6, 2026, according to Pintu. The release equaled 1.69 percent of circulating supply. The Hyperliquid price is 81.67 USD as of October 16, 2026, down 0.94 percent compared with the UTC daily close of October 15, 2026, according to Investing.com. Pintu reported that the October 6, 2026 allocation went to core contributors and was bought by a single institutional investor through an over-the-counter transaction. An over-the-counter transaction takes place away from a public exchange order book. Pintu valued the release at 326 million USD and said the unlock schedule is mostly set to run through 2027 and 2028. The transfer route separates the October 6, 2026 token movement from immediate public order-book activity.