Hyperliquid's token price retreated to around $52 following a rally driven mainly by concentrated buying from Hyperliquid Strategies, which accumulated over 11 million HYPE tokens. This buying spree, along with protocol upgrades promising buybacks, pushed the price above $50 despite weak fundamental support. The recent pullback reflects a correction after momentum traders and treasury bids stopped driving the price. Future price direction depends on the core business, which saw July revenue fall to $43 million from $92 million the previous year, and the lack of strong accumulation signals from spot market flows.
Hyperliquid has reached a record $5.25 billion in open interest, surpassing competitors like Bybit and reinforcing its leadership in the perpetual Futures market. Trading volumes remain high, with $3.48 billion processed in the last 24 hours and $196...
Hyperliquid's token (HYPE) has dropped nearly 20% in 30 days, with whales unstaking and selling on centralized exchanges. A key price level at $52.38 could trigger a wave of forced liquidations, increasing short-term sell pressure. Despite this, the ...
The crypto market is unusually quiet today, with minimal hourly price changes among the top 15 assets. Despite this calm, the year-to-date performance shows significant losses, with Bitcoin down 28% and most large-cap coins losing between a third and...
Hyperliquid has introduced the HIP-4 testnet phase, allowing developers to deploy standardized outcome markets by staking 100 HYPE without auctions or gas fees. This update expands market creation beyond validators using approved templates to reduce ...
The 30-year U.S. Treasury yield hit its highest level since 2007, making bonds more attractive and drawing capital away from riskier assets like cryptocurrencies. This shift has contributed to a significant drop in crypto market value, with Bitcoin l...
