Three major crypto funds—Multicoin Capital, Selini Capital, and Galaxy Digital—have initiated withdrawals totaling around $150 million in HYPE tokens, leading to an 8% price drop to about $59.19. These withdrawals nearly double the token's daily trading volume, creating market pressure and uncertainty. Selini's withdrawal is linked to the closure of a perpetual market, while Multicoin's unstaked tokens are not expected to be sold immediately, with a key unlock date on July 28. Technical indicators suggest bearish momentum, with the token needing to reclaim key levels to regain bullish sentiment.
Hyperliquid, a decentralized perpetual futures exchange, has seen its open interest rise to $11.5 billion, the highest level since the October 2025 market downturn. This surge is driven mainly by activity in the HIP-3 framework and S&P 500 perpetuals...
U.S. institutional investors shifted capital into XRP spot ETFs, resulting in daily net inflows of $5.66 million. In contrast, Hyperliquid (HYPE) funds experienced outflows totaling $698,040 during the same period. This shift highlights growing inves...
Bitcoin traded slightly lower at around $65,716 while Ethereum and major altcoins posted modest gains, indicating a rotation of capital rather than broad market enthusiasm. Ethereum rose 0.42% to $1,924, outperforming Bitcoin which dipped 0.30%. Mark...
The staking market saw mixed performance this week as Hyperliquid's staked market cap fell sharply by 12.59%, contrasting with stable gains in Ethereum (+0.77%) and Solana (+0.73%). Despite strong staking participation in networks like Bittensor and ...
The HYPE token fell 7% in 24 hours and 15% over the past week, now trading near $58. Major investors Multicoin Capital and Selini Capital withdrew about $150 million worth of HYPE tokens from staking, signaling potential profit-taking and market unce...
