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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