MLM Monitor said current and former team members sold about 4.33 million HYPE for roughly $165 million, while the ecosystem support fund repurchased around 9.8 million tokens for about $364 million.
HYPE buybacks have been running at roughly twice the pace of team-linked selling, based on figures published by MLM Monitor. The monitor said 4.93 million HYPE team tokens unlocked in December 2025 were distributed to team members, equal to about $270 million at current prices and 0.493% of total supply. From that pool, 1.19 million HYPE was sold on the open market for $32.5 million in cash, while another 3.14 million HYPE was transferred to an OTC platform (off-market trading venue) at a transfer value of about $132 million. In total, about 4.33 million HYPE was sold for roughly $165 million, implying average monthly sales of about 540,000 HYPE, or around $20.6 million. Over the same period, the ecosystem support fund spent about $364 million to buy back roughly 9.8 million HYPE, MLM Monitor said. That works out to an average monthly buyback of about 1.23 million HYPE, or around $46 million, putting the repurchase rate at about twice the selling pace of current and former team members.