Hyperliquid (HYPE) fell 15% in a month, underperforming Bitcoin, Ethereum and Solana, even as analysts ranked it above other major cryptocurrencies for bullish sentiment. CryptoQuant scored HYPE 2.3 standard deviations above its recent norm, according to BeInCrypto. HYPE traded at $76.55 on Sunday, 22% below its September 23 record of $97.96; Bitcoin was flat and ETH and SOL each lost about 9% over 30 days. On October 6, the team received a scheduled payout of 3.75 million HYPE, then worth about $340 million; a co-founder said it would be sold off-exchange to one institutional buyer.
