Hyperliquid's price dropped below $60 after failing to rebound past $68, declining 11.2% in 24 hours. An a16z-linked wallet moved 471,500 HYPE worth $30.57 million to multiple exchanges, signaling potential selling pressure, though it still holds over 9 million HYPE tokens. Despite this, spot market data shows buyers accumulating HYPE during the decline, with negative net outflows from exchanges and ETF inflows pausing. Technical indicators suggest bearish momentum remains, with potential further drops to $52 unless spot demand strengthens to push prices back above $60 and possibly toward $68.
Hyperliquid, a decentralized perpetuals exchange and Layer 1 blockchain, has generated over $1.2 billion in fees since its 2024 launch, signaling strong growth and sustainability. Its buy-back-and-burn model uses most fees to reduce HYPE token supply...
Hyperliquid's token price fell about 12% to near $59 following large transfers totaling nearly $59 million from wallets suspected to be linked to venture capital firm a16z. These transfers increased selling pressure across multiple exchanges, leading...
Bitcoin fell 1.2% below $63,000 and ether dropped 1.74% as a broad risk-off sentiment hit markets, driven by a selloff in semiconductor stocks and renewed tensions in the Middle East. This caused a rotation into safer assets like gold, which rose abo...
A major holder sold over 443,000 HYPE tokens worth around $28 million near all-time highs, triggering a 12% price decline in 48 hours. The proceeds were moved to Hyperliquid and other exchanges, suggesting potential further selling or leveraged short...
Cronos (CRO) surged 7.43% to $0.0597, leading gains among altcoins due to strategic partnerships and ecosystem growth. Other notable gainers included Beldex, Stable, Mantle, and Polkadot, each rising between 2% and 6%. Conversely, Lighter fell 10.43%...
