Hyperliquid's token price fell about 12% to near $59 following large transfers totaling nearly $59 million from wallets suspected to be linked to venture capital firm a16z. These transfers increased selling pressure across multiple exchanges, leading to significant long liquidations and reduced open interest as leveraged traders cut exposure. The price broke below key moving averages and a support zone between $57 and $59, raising the risk of further declines toward $55.55 and lower. Meanwhile, Hyperliquid is engaging with the SEC Crypto Task Force to explore compliant trading pathways, but current market conditions remain bearish with potential for continued volatility.
Hyperliquid, a decentralized perpetuals exchange and Layer 1 blockchain, has generated over $1.2 billion in fees since its 2024 launch, signaling strong growth and sustainability. Its buy-back-and-burn model uses most fees to reduce HYPE token supply...
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A major holder sold over 443,000 HYPE tokens worth around $28 million near all-time highs, triggering a 12% price decline in 48 hours. The proceeds were moved to Hyperliquid and other exchanges, suggesting potential further selling or leveraged short...
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Hyperliquid, a decentralized exchange for perpetual futures, has reached a record 9.3% share of global aggregate perpetual open interest, up from 6.9% six weeks earlier. This milestone reflects significant growth driven by its HIP-3 permissionless ma...
