CandleFocus Here’s why HYPE fell 20% over the past day
2024-12-23
Author: Content Editor
Hyperliquid's native token, HYPE, experienced a 20% price dip, trading at $26.54, and its market cap dropped below $9 billion. The dip comes after an all-time high of $34.96 and a record-breaking airdrop. A major whale selling HYPE tokens and concerns of North Korean hackers trading on the platform contributed to the drop. Despite the setback, analysts remain optimistic and predict HYPE could reach a new all-time high of $40. Hyperliquid has performed well in the DeFi sector, leading in trading volume and TVL.
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