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Hyperliquid's HYPE token dips amid EU regulatory push and $5M Grayscale ETF buy-in.

Market News
02 Oct 2026
Blockonomi
View Source
Neutral
Hyperliquid's HYPE token dips amid EU regulatory push and $5M Grayscale ETF buy-in.

Hyperliquid's HYPE token retreated from its late September high of $97.88 to around $88.45 on October 1, reflecting a 2.74% session decline and a 9.6% drop from its peak. This correction coincides with the Hyperliquid Policy Center's formal request for the EU to classify perpetual futures under existing MiFID II derivatives rules, aiming to avoid separate crypto-specific regulations. Despite a sharp drop in real-world asset trading volume from $37.5 billion to $8 billion, platform fees rose 7.5% month-over-month to $72 million. Institutional interest remains strong, highlighted by a $4.96 million HYPE token purchase by Grayscale ETF clients. Upcoming developments include expanded lending features and potential US market entry pending regulatory approval, with HYPE maintaining a strong year-to-date gain of 270%.

As of Oct 02, 2026 15:21 WIB, Hyperliquid's HYPE token trades at Rp1.615.259 on Pluang, showing a 1.75% gain in the past day. The token's market cap stands at Rp402,71 trillion with a 24-hour trading volume of Rp16,07 trillion. Buy orders dominate at 75% of Pluang's order activity, and typical holders keep their positions for about 37 days, highlighting sustained investor interest despite recent regulatory discussions.

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