- Dec 26, 2024
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HYPE Jumps as Token Burn Counters $316M Unlock
Crypto traders love a simple story, and this week they got two at once: supply coming in and supply getting squeezed.
On one side, Hyperliquid’s HYPE moved higher even with a sizable token unlock hanging over the market. On the other, Jupiter’s JUP kept attracting bids after its community backed a plan to effectively freeze net new supply for the rest of 2026. CoinDesk summed up the setup neatly: HYPE jumped about 5% as traders shrugged off a roughly $316 million unlock, while JUP gained on a weekly basis thanks to a “supply freeze” narrative.
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