Hyperliquid (HYPE) has fallen 15% in the past week after major holders, including Multicoin Capital, sold large amounts of the token. Multicoin recently cashed out over $30 million worth of HYPE despite previously setting a long-term target of $319. The token is now testing a critical support level around $58; if it breaks, HYPE could drop another 14% to about $50, with potential for deeper losses near $40. This sell-off raises concerns about HYPE's short-term stability despite its strong 129% gain year-to-date.
Hyperliquid's token HYPE fell 6.11%, breaking below the $60 support level to reach a low of $58 amid selling pressure. Multicoin Capital unstaked 1.96 million HYPE tokens valued at $120 million and sold 395,570 tokens worth $23.78 million, signaling ...
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Since 2024, only 8 out of 113 crypto tokens with market caps over $100 million trade above their initial token generation event (TGE) prices, showing a median loss of 95.7%. Hyperliquid leads gains with a 1,519% return, driven by revenue from its per...
