Hyperliquid (HYPE) has dropped 22% from its July peak of $73 to $57, breaking a key uptrend. Institutional sell-offs, including from venture firms like a16z and Multicoin Capital, have intensified pressure, alongside a significant decline in trading activity and buybacks, which have decreased threefold since June. Analysts suggest a cautious approach, with some recommending gradual buying if the price falls further, potentially down to $35. The altcoin's recent decline reflects fading bullish catalysts and negative market sentiment, but deeper corrections might offer buying opportunities.
Tokenized real-world assets (RWAs) have become the largest market on Hyperliquid, a decentralized exchange, accounting for 54% of its weekly volume or about $26 billion. This surpasses the combined volume of all crypto categories on the platform, sig...
Ethereum spot ETFs attracted $103.9 million in net inflows last week, continuing strong institutional demand despite market volatility. In contrast, Bitcoin ETFs saw a sharp decline in weekly inflows to $33.79 million after heavy outflows midweek, wi...
A large investor transferred 557,902 HYPE tokens, worth about $32.9 million, to HyperCore for staking, signaling strong whale confidence in Hyperliquid's staking ecosystem. This follows a recent $172 million stake by another whale, despite HYPE's pri...
Bitcoin and Ethereum prices declined by 2.24% and 1.62% respectively amid a 12.92% drop in crypto derivatives trading volume, indicating reduced risk appetite among traders. The broader crypto market saw losses across major altcoins, reflecting a def...
Ethereum exchange-traded funds (ETFs) led crypto fund inflows last week with $103.9 million, marking a third consecutive week of strong demand. Bitcoin ETFs saw declining inflows, dropping to $33.79 million amid two days of significant outflows. Mean...
