Arthur Hayes, co-founder of BitMEX, sold all his Hyperliquid (HYPE) tokens worth about $18 million, along with an unspecified amount of NEAR tokens. He cited geopolitical tensions from the U.S.-Iran war and upcoming AI IPOs as reasons for the selloff. Following his announcement, HYPE's price fell over 4%, reversing recent gains despite strong prior momentum and a new staking ETF launch by Grayscale. Hayes plans to explain his decision in an upcoming essay titled 'Reality Test.'
The HYPE token from Hyperliquid surged to a new high of $74.67, overtaking Solana's SOL token in price for the first time. This rise is supported by the launch of Grayscale's HYPG ETF alongside two other U.S.-listed HYPE ETFs, collectively drawing ov...
U.S. spot bitcoin ETFs have experienced 13 consecutive days of outflows, shedding $4.37 billion since mid-May, with total assets dropping from $104.29 billion to $82.83 billion. Ether, Solana, and XRP ETFs have also joined the outflow trend, reversin...
Hyperliquid's HYPE token recently climbed above Solana's price, reaching a record high near $75.4 while Solana fell to its lowest since late 2023. Despite a broader market downturn affecting major cryptocurrencies like Bitcoin and Ethereum, HYPE gain...
Hyperliquid's HYPE token has overtaken Solana (SOL) in price amid Solana's drop to its lowest level since 2023. This price change reflects a shift in market sentiment, with HYPE gaining momentum while Solana faces challenges. Market watchers see the ...
Macro analyst Alex Krüger labeled most cryptocurrencies as a 'failed asset class' due to poor value, founder sell-offs, meme coin losses, and rising DeFi hacks. However, he identified four exceptions worth owning, including Hyperliquid, which returns...
