Hyperliquid has burned $1.28 million worth of HYPE tokens in the past 24 hours after generating $1.65 million in fees, pushing lifetime token burns to 47.53 million HYPE ($2.68 billion). This deflationary activity is reducing circulating supply and turnover, indicating holders are retaining tokens and potentially setting up a bullish trend. Despite a recent short-term price correction and increased volatility, the long-term outlook remains positive with expectations of a price rebound if demand holds around $54. The token may resume its upward trend towards $60 after clearing liquidity clusters and unfilled orders in the $52-$55 range.
A major whale investor has boosted their Bitcoin long exposure on the Hyperliquid exchange, coinciding with HyperLabs transferring large amounts of its HYPE tokens to centralized exchanges. This activity reflects growing confidence among whales, with...
HYPE token price climbed above $56.80 after Hyperliquid reported $169 million in Q2 revenue and allocated $141 million to token buybacks, supporting demand. The price rebounded from a $51 support level and is testing a breakout above a descending cha...
Hyperliquid (HYPE) token price fell 2.12% to $55.79, struggling to break the $57.5 resistance after weeks of selling pressure. Despite weak short-term price action, the Q2 report reveals strong network growth with $213 billion in trading volume and $...
U.S.-listed altcoin ETFs showed mixed investor flows on August 6, with XRP and Hyperliquid ETFs attracting net inflows while Solana ETFs experienced outflows. XRP ETFs gained $3.45 million, primarily in Franklin’s XRPZ and Bitwise’s spot XRP ETF, ind...
JPMorgan highlights increasing competition for Hyperliquid, a leading decentralized crypto perpetual contracts platform, from regulated derivatives in the US attracting institutional investors. This competition challenges Hyperliquid's advantages in ...
