Hyperliquid's HYPE token dropped below $80 after institutions continued selling despite recent token burns aimed at reducing supply. HyperLabs distributed over $14.5 million worth of HYPE to team members following unstaking, while burning 21K tokens to counter selling pressure. Meanwhile, Hyperliquid Strategies Inc. filed with the US CFTC to become a regulated Futures commission merchant, potentially opening US markets to perpetual futures trading. Technically, HYPE remains bearish with key supports tested, and further declines could lead to lower demand zones around $70 or $60 if support breaks.
As of Nov 07, 2026 23:21 WIB, HYPE trades at Rp1.399.818 on Pluang with a slight 1-day decline of 0.07%. Despite the recent institutional selling and team distributions mentioned in the news, the token maintains a market cap of Rp355,4T and a 24-hour trading volume of Rp11,94T. Pluang users show a buying preference with 69% buy orders compared to 31% sell, and typical holding time is 38 days, indicating steady investor interest.
On November 7, cryptocurrency flows showed Bitcoin (BTC) leading token inflows with $27.25 million, while Ethereum (ETH) and XRP experienced significant outflows of $20.66 million and $20.40 million respectively. Stablecoins USDT and USDC saw inflows...
On November 6, 2026, Zcash (ZEC) spot ETFs recorded net inflows of $1.77 million, marking a positive flow amid mixed activity in altcoin ETFs. Solana (SOL), Chainlink (LINK), and Hyperliquid (HYPE) spot ETFs experienced net outflows, continuing withd...
The seven most-traded options contracts for Hyperliquid's HYPE token all occurred on the Derive platform, reaching a combined notional volume of $5.45 million within 24 hours. Derive specializes in cryptocurrency derivatives like options, but the dat...
At TOKEN2049 Singapore, Hyperliquid CEO Jeff Yan presented the platform as a rebuilt financial infrastructure using a custom Layer-1 blockchain with an on-chain Central Limit Order Book for perpetual futures and spot trading. The platform directs 97-...
Binance announced it aims to reopen withdrawals for six cryptocurrencies—HYPE, INJ, APT, PLASMA, NEAR, and LTC—by mid-November following a major hack on October 29 that compromised $6.3 billion. Withdrawals remain paused on their native blockchains b...
