Hyperliquid (HYPE) experienced increased selling pressure following a $2.03 million whale deposit to KuCoin, which raised the amount of HYPE tokens available on exchanges. This deposit, along with positive netflows indicating more tokens moving into exchanges than out, suggests growing supply that could weigh on prices. Large traders remain active while retail interest cools, giving whales more influence over market direction. Despite this, technical indicators like MACD show some recovery potential if HYPE can hold above $53.67 and break resistance at $57.10. The near-term outlook favors sellers unless broader market participation strengthens.
Hyperliquid, a decentralized perpetuals exchange and Layer 1 blockchain, is expanding its market offerings to include spot and outcome prediction markets, increasing fee-generating opportunities. Most protocol fees are used to buy back its native tok...
HyperLabs released 433,025 HYPE tokens worth about $23.46 million, transferring them to exchanges like OKX and Bybit, with some tokens swapped to USDC on Hyperliquid. This token unlock coincides with a 43% decline in the protocol's gross revenue from...
Bitcoin surged above $65,000, gaining nearly 3% over the week, driven by a weak US jobs report that reduced concerns about further Federal Reserve rate hikes. Other major cryptocurrencies like ether, BNB, and Solana also posted gains, while XRP lagge...
Hyperliquid (HYPE) price has dropped from its June-July highs and is now trading near a critical support zone around $50-$51. The price faces resistance at $56-$57 and $61-$62, with a breakout above $61 needed to confirm the end of the recent correct...
Shiba Inu (SHIB) remains in a downtrend despite a recent rebound, struggling to hold above $0.00000500. Solana (SOL) attempts stabilization near $76 but faces resistance around $78-$79. Hyperliquid (HYPE) trades near critical support at $54, needing ...
