🚀 Hyperliquid (HYPE) hits a crucial support level at $12.10 as trading volume slumps. Its market cap has halved since December, now at $4.43B. DeFi Llama reports a decline in trading volume across decentralized platforms, with Hyperliquid leading at $1.16T cumulative volume. 📉

The JELLY incident, involving suspicious trades, led to backlash and a delisting, but Hyperliquid promises compensation. Despite the dip, technical indicators suggest a potential bounce to $17.26. What are your thoughts on HYPE's future? Share below!