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Hyperliquid's HYPE token debuts on Upbit with $8M volume but price drops amid broader crypto decline

Market News
10 Nov 2026, 21:19 WIB
CryptoTicker
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Bearish
Hyperliquid's HYPE token debuts on Upbit with $8M volume but price drops amid broader crypto decline

Hyperliquid's HYPE token was listed on South Korea's largest crypto exchange, Upbit, trading against the won, bitcoin, and Tether. Despite the new access for Korean investors, the token's price fell about 4.9% to around $71, mirroring a broader market downturn affecting Ethereum and Bitcoin. Trading volume on Upbit was modest at $8 million, representing less than 2% of Hyperliquid's perpetual futures market volume. The listing improves liquidity but has not yet generated significant buying pressure, with key price support levels at $68.39 and resistance near $74-$76. Investors should note the risks of leveraged trading and regulatory differences in Europe regarding spot and perpetual futures holdings.

While the article highlights a 4.9% drop in HYPE's USD price on Upbit, on Pluang the token is down 3.81% to Rp1.299.315 as of Nov 11, 2026 02:32 WIB. Despite this decline, Pluang data shows a strong buy interest with 70% of order activity favoring purchases and a typical hold time of 38 days. The token's market cap stands at Rp327.71 trillion, supported by a 24-hour trading volume of Rp25.88 trillion, indicating robust liquidity compared to the modest $8 million volume on Upbit mentioned in the article.

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