<p><a href="https://captainaltcoin.com/hyperliquid-hype-showing-signs-of-life-again-heres-how-it-could-reach-50/" rel="noopener noreferrer nofollow">The Hyperliquid (HYPE) price starts December with heavy</a> volatility and major headlines shaping its direction.&nbsp;</p>
<p>The big story is the newly approved merger that creates a dedicated HYPE treasury aiming to raise up to $1B for token purchases – including $265M ready to deploy.&nbsp;</p>
<p>Also, a 1.75M HYPE unlock added pressure during a broader market selloff, pushing the price back to the $29 support. With momentum fading and uncertainty rising, traders are watching for the next strong move.</p>
<p>Here are the three factors that could determine where HYPE goes in 2026.</p>
<h3 class="wp-block-heading" id="1b-treasury-catalyst">$1B Treasury Catalyst&nbsp;</h3>
<p>Hyperliquid’s merger with Sonnet BioTherapeutics sets up a massive treasury designed to buy HYPE on the open market. OAK Research estimates the first round could include 2.6M HYPE (~$87M), an amount equal to more than a month of current daily buybacks compressed into a shorter window.</p>
<p>This creates structural demand that can support the price even during weak market conditions. If the treasury deploys capital consistently, it could act like a long-term buyer – similar to corporate buybacks in traditional markets – <a href="https://captainaltcoin.com/hyperliquid-hype-price-might-be-one-breakout-away-from-going-vertical-heres-how-it-could-play-out/" rel="noopener noreferrer nofollow">and help stabilize or lift the HYPE price through 2026.</a></p>
<h3 class="wp-block-heading" id="token-unlock-overhang">Token Unlock Overhang</h3>
<p>On December 1, Hyperliquid unlocked $354M worth of HYPE, equal to 2.66% of the supply. This is part of a much larger schedule: 237.8M HYPE (around $7.9B) will vest linearly until 2027, adding roughly $410M worth of new supply every month.</p>
<p>Current buybacks average $2.5M a day, which can only absorb a fraction of this. Unless demand or ecosystem revenue increases meaningfully, these unlocks could limit upside and create repeated waves of sell pressure throughout 2026.</p>
<p><strong><em>Read Also: </em></strong><a href="https://captainaltcoin.com/this-expert-says-ripples-xrp-price-to-4-is-easy-heres-why/" rel="noopener noreferrer nofollow"><strong><em>This Expert Says Ripple’s XRP Price to $4 Is “Easy”: Here’s Why</em></strong></a></p>
<h3 class="wp-block-heading" id="technical-sentiment-risks">Technical &amp; Sentiment Risks</h3>
<p>The HYPE price lost the $29 support, showing weakness despite oversold RSI levels near 30. Momentum on spot markets remains weak, with daily volume around $342M, far below the activity seen in derivatives markets.&nbsp;</p>
<p>This imbalance makes the price easier to push around when liquidations hit. Open interest is up 2.52% to $773B, which shows traders are gearing up for big moves, but it also means the drop could get sharper if the price falls again.</p>
<p>If the HYPE price can close back above $36.36, the mood could shift quickly and force short sellers to exit. Failure to do so leaves the door open for a deeper drop toward $19.</p>
<p><a href="https://coinmarketcap.com/currencies/hyperliquid/" rel="noopener noreferrer nofollow">Moreover, the Hyperliquid price could enter 2026 with powerful bullish </a>potential on one side and heavy supply pressure on the other.&nbsp;</p>
<p>The coming year will likely depend on whether the $1B treasury buyer outweighs the impact of constant token unlocks.</p>
<p>If the treasury acts aggressively and HYPE recovers key resistance zones, the price could rebound quickly. If not, early 2026 may bring more downside before a stronger base forms.</p>
<p><em><strong>Subscribe to <a href="https://www.youtube.com/@Captain-Altcoin" rel="noopener noreferrer nofollow">our YouTube channel</a> for daily crypto updates, market insights, and expert analysis.</strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/3-factors-that-could-decide-hyperliquid-hype-price-in-2026/" rel="noopener noreferrer nofollow">3 Factors That Could Decide Hyperliquid (HYPE) Price in 2026</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

3 Factors That Could Decide Hyperliquid (HYPE) Price in 2026

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