HIFI Token Surges 38% on Binance Amid Learn & Earn Boost, But Faces Liquidity and Volatility Challenges

HIFIUSDT experienced a significant 38.54% price increase over the past 24 hours, rising from 0.0986 to 0.1366 on Binance. This sharp upward movement follows recent inclusion in Binance’s 'Learn & Earn' program, which likely boosted user engagement and trading activity. Despite this short-term rally, broader market data shows HIFI has faced persistent selling pressure, with large holders offloading approximately 12 million HIFI, leading to reduced liquidity, wider bid-ask spreads, and a decline in total value locked from $120 million to $40 million over two weeks. Protocol revenue and staking yields have also dropped, and short positions increased by 75%, reflecting cautious sentiment. Regulatory developments in the DeFi sector and the passing of a major governance proposal (HIP 16) have contributed to ongoing volatility. Currently, HIFI trades at 0.1366 with elevated volatility and mixed technical sentiment, as recent positive momentum contrasts with longer-term bearish trends and declining market confidence.