Arthur Hayes: The only way out for HYPE is to achieve massive revenue growth, as selling pressure will still exist even if the team promises not to sell

On November 24th, Arthur Hayes responded on social media to inquiries about the upcoming "HYPE First Unlock which is only 5 days away. The community wants insights into the token's future governance and strategic roadmap after 2026." He stated: Just do the math, and it becomes evident that for HYPE to overcome the uncertainty, the only way out is to achieve significant revenue growth. Even if the team promises not to sell, such a commitment is completely unbinding. Therefore, we must assume that there will be selling pressure every day. The market has long been aware of this - since the price reached a historical high in July, the P/FDV (Fully Diluted Valuation Ratio) has been halved. BlockBeats previously reported that according to Tokenomist data, the initial token unlock of the Hyperliquid project will take place on November 29th at 15:30 Beijing time. An estimated 9.92 million HYPE tokens worth $312 million will be unlocked, accounting for 2.66% of the circulating supply. This is the first unlock since the TGE in November 2024.