The rise in the value of the digital currency HYPE despite the hacking of the project's X account "Hyperliquid"
Despite the hacking of the official account of the “Hyperliquid” platform on X, and the absence of any official update from the team since then, the digital currency HYPE continued to rise, ignoring the effects of the security incident.
The hack did not significantly affect user confidence or investor activity, as the currency increased by more than 6% within 24 hours, surpassing $35 and nearing its all-time high of $37 on the “CoinGecko” platform.
This performance comes amid a strong upward wave for the currency, with weekly gains of about 30%, while the monthly increase reached 90%.
Thus, HYPE has become the 14th largest cryptocurrency, with a market value nearing $12 billion.
The incident has sparked some calls within the community for the adoption of additional security measures, such as two-factor authentication and multi-signature, especially since this type of incident was not the first of its kind.
