CandleFocus

Hyperliquid Under Fire As Validators Expose Key Decentralization Flaws

The Hyperliquid (HYPE) token is facing criticism for being centralized and lacking transparency, according to validators. Concerns over the project's closed source code, reliance on a centralized API, and lack of decentralization have sparked discussions in the crypto community. As a result, the price of the HYPE token has dropped by 15% in the past 24 hours, likely due to market volatility. The project now faces a critical challenge as demands for transparency continue to increase.

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