Hyperliquid's HYPE token fell below $55 amid heavy institutional selling, but Grayscale values it as undervalued based on earnings per token metrics. Grayscale projects HYPE could generate $1 billion in revenue by 2027, implying a fair value of $3.25-$3.75 per token and a valuation multiple of 15x to 18x, which is lower than fintech stocks like Coinbase and Robinhood. If HYPE reaches similar multiples (35x-40x), its price could rise to $113-$150. However, ongoing institutional sell-offs, including from Multicoin Capital and U.S. spot ETFs, have pressured the token's price, with potential support levels at $48 and $45. Additionally, TradeXYZ will compensate traders affected by a price anomaly, potentially boosting trust in Hyperliquid.
Hyperliquid's native token HYPE has lost about 24% in the last 30 days, mainly due to persistent selling by institutional investors like Multicoin Capital and Bitwise, who have transferred large amounts of HYPE to exchanges. This selling pressure has...
Grayscale Investments highlights that the HYPE token, linked to the Hyperliquid protocol, still appears attractively priced relative to publicly traded fintech companies despite significant price gains earlier this year. The token's value is assessed...
Audiera (BEAT), a decentralized music streaming token, surged 21.33% to $3.48, reaching a market cap of $1.07 billion. The rise follows new partnerships with major artists, boosting investor interest. Other altcoins like Lighter (LIT), Bittensor (TAO...
Hyperliquid is trialing a KYC feature with an allowlist that restricts trading to approved addresses, signaling a move toward regulated trading access in the U.S. This mirrors Uniswap's recent introduction of permissioned pools for regulated tokens. ...
Hyperliquid's Spot ETF (HYPE) is attracting more inflows relative to its market cap than Bitcoin, Ethereum, Solana, and XRP ETFs, signaling strong investor interest in smaller cryptocurrencies. Despite a recent price dip to $54.74, HYPE's price has r...
