+200M trading volume seems excessive for a protocol token. You would expect payment networks or L1s to be the ones absorbing that capital. Curious...
MAAM_A1
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$HYPER This is "insane", although in crypto that is "normal".
Hyperlane price declined steadily since April, gradually losing over 70% of its value. Then went parabolic on July 10, after being a listed in Upbit, South Korea’s largest exchange.
In its DOCS, the project introduces itself as follows : "Hyperlane is a permissionless interoperability protocol for cross-chain communication across different blockchain environments. It enables message passing and asset transfers across different chains without relying on centralized intermediaries or requiring any permissions."
Given the competition in that particular niche, a correction is due, the problem is to time it correctly... I imagine that +300% price change liquidated many permabears...
A direct competitor $AXL #altcoins #BTCBreaksATH
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