Hyperliquid Token Slides 3.3%—Volume Hits $19B Despite Price Dip
📉 The native token of Hyperliquid, $HYPE, has dipped 3.3% in the past 24 hours to $45.13, roughly 8.5% below its all-time high of $49.75. The decline comes amid profit-taking and capital rotation into Ethereum, which surged past $3,600 this week.
💬 “Ethereum’s rally is pulling liquidity from smaller altcoins,” said analysts at Cryptonews.
Despite the price dip, the Hyperliquid platform itself is booming, setting a new record of $18.99B in daily perpetual volume and $13.8B in open interest.
📊 Key metrics:
- $HYPE price: $45.13
- 24h volume: $570M (+13.4%)
- RSI: 60.6 (cooling off from overbought zone)
- Platform revenue: $5.06M/day
- Annualized fees: $890M
- Institutional treasury reserves: $888M across 3 public companies
Why it matters:
✅ Hyperliquid is now ranked #5 globally in perpetuals volume
✅ $HYPE remains in a bullish ascending channel, despite short-term correction
✅ Technical indicators suggest a possible rebound toward $50–$60 if support holds
🧠 Is $HYPE consolidating before its next breakout—or will Ethereum’s dominance delay the move?
👇 Are you holding $HYPE or rotating into ETH and other majors?
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