I just reviewed the movement of HYPE and JUP in the past few hours. While HYPE has retreated 2.65% in 24 hours, there is something interesting happening behind the scenes with token burning that apparently is offsetting a significant unlock of about $316 million. It’s the kind of dynamic you see in projects when they try to keep the price stable against liquidity pressure.

On the other hand, JUP has fallen 1.61% over the past 7 days, but several traders mention that supply locking could be working in favor of the project in the medium term. It’s interesting to see how these tokenomics mechanisms can counteract short-term price movements.

Unlocks of this magnitude always generate some volatility, but the burn seems to be doing its job. Definitely something to monitor in the coming days.