Hyperliquid has announced a 30% reduction in its token unlock, decreasing the release from 1.7 million HYPE tokens to 1.2 million, effective January 6. This strategic move is intended to alleviate supply pressure as the company faces a significant 30% drop in revenue, which fell to $73 million in December. The company's market share has also seen a sharp decline, plummeting from 75% in May to just 14% as competition in the sector intensifies. Key competitors such as Lighter and Aster are gaining ground, contributing to the shifting dynamics in the market. The current fear and greed index indicates increased caution among investors, with underperformance noted in altcoins to watch.