HYPE Token CRASHES! Whatโs going on with Hyperliquid?
๐๐ฅ๐
One of cryptoโs most hyped DEXs, Hyperliquid, is now facing its toughest storm ever.
Hereโs the full breakdown:
๐ป Price Plunge
HYPE nosedived to $11.10, crashing 67% from its $35.20 ATH!
Market cap shrank from nearly $10B to just $3.8B!
๐ The Dilution Bomb
Circulating supply: 333M
Total supply: Nearly 1B
Daily unlocks begin Nov 2025: 216,580 tokens = $2.52M/day
Unlocks continue until Nov 2028
No burn mechanism = massive inflation pressure!
๐ฅ JELLY Crisis Fallout
Dev team suddenly delisted JELLY โ causing major investor losses. Trust shaken. Confidence drained.
๐ Volume Collapse
Perpetual futures volume:
January: $200B
March: $175B
7-day volume: Down 27% to $38B
Daily volume: Crushed 70% to $2.4B
Layer-1 volume: Down 28.5% to $702M
๐ Technical Analysis = Bearish
Broke below critical support at $12.11
Invalidated double bottom
Formed a Bearish Flag
Below 50-period MA
Unless it crosses $13.37, we might see it fall to the $10.45 all-time low!
Verdict?
Without recovery in volume, community trust, or a burning mechanism โ HYPE might turn into just thatโฆ hype.
#Hyperliquid #HYPEtoken #cryptocrash #DeFiNews #BTCvsMarkets