HYPE is trading 22.7% below its June 16 record as trackers project another 9.92 million tokens will unlock on September 6, worth about $589 million at $59.39. HyperLabs has unlocked 433,025 HYPE worth about $23.46 million and has been depositing tokens with Flowdesk and OKX. Dat Ngo, a certified public accountant at Vetted Prop Firms, said vesting can create tax liabilities that prompt recipients to sell, while TMGM certified public accountant Ashley Akin said an approximately $581 million release could be absorbed if leverage remains contained, though margin positions could make trading more difficult. Hyper Foundation claims have generally been below the scheduled amount, and the Assistance Fund has bought back and burned 11.9 million HYPE, reducing total supply to 955.3 million against a 1 billion cap. Hyperliquid has continued allowing trading during some news events as liquidations and volume fell 71% and 50%, respectively, while open interest declined; Bitcoin remained below $65,000 ahead of Federal Reserve meeting minutes due before the September 15-16 FOMC meeting.