The crypto market had a slow start in 2025, with Bitcoin and Ether trading at their usual levels and altcoins showing little activity. However, the Hyperliquid token experienced a significant price surge in 2024 after a successful airdrop but has been on a downtrend recently. The HYPE token is currently trading slightly above $21 with a 15% weekly drop, although the market cap and trading volume have increased. The price dip may be related to concerns raised by the Hyperliquid community about validator decentralization, but the company has clarified these misconceptions. Institutions, such as the Amber Group, have taken advantage of the dip to invest in HYPE tokens, spending $7.22 million at an average price of $21.06. The Amber Group wallet now holds 730,749 HYPE tokens worth $16 million. Hyperliquid must address these concerns and regain the trust of its community to avoid becoming another short-term hyped crypto project. If successful, HYPE could experience another price rally in the future.
- Content Editor ( thenewscrypto.com )
- 2025-01-10
Institutions are Buying Hyperliquid as HYPE Records 15% Weekly Plunge