HYPER Token Sees 14.6% Drop After 370% Rally, Exchanges Adjust Funding Amid $1B Volume

HYPERUSDT experienced notable volatility in the past 24 hours, with its price declining by 14.64% to $0.5284 on Binance after opening at $0.6190. The recent price correction follows a period of significant bullish momentum, including a surge of over 370% on July 10, 2025, and a 98% gain in the previous session, driven by strong buying activity and renewed interest following its Binance Launchpool listing. The sharp fluctuations prompted major exchanges such as KuCoin and Bybit to adjust funding rate intervals for HYPERUSDT perpetual contracts, reflecting efforts to manage heightened volatility and trading activity. Market data shows a 24-hour high of $0.6899 and a low of $0.4423 on Binance, with trading volumes exceeding $1 billion and a market capitalization of approximately $96.19 million, indicating robust but unstable market participation. Discrepancies in reported prices and volumes across platforms highlight the need for caution and cross-verification by market participants.