Elysium, the first L2 network in the Hyperliquid ecosystem, will launch its mainnet on November 9.
The price action around launch announcements tends to follow three stages, based on many past reviews:
① When the news breaks: sentiment runs high, and the price often rises first;
② Around the opening: profit-taking is most concentrated, so a pullback after a spike is common;
③ After launch: focus shifts back to fundamentals, and whether trading volume holds up is key.
$HYPE is currently at 78.96, down 0.076% over 24 hours, and is still in stage ① for now.
Don't focus only on the first day's gains—whether the price can hold is what matters.
This is not financial advice. Make your own decisions about buying and selling.
The price action around launch announcements tends to follow three stages, based on many past reviews:
① When the news breaks: sentiment runs high, and the price often rises first;
② Around the opening: profit-taking is most concentrated, so a pullback after a spike is common;
③ After launch: focus shifts back to fundamentals, and whether trading volume holds up is key.
$HYPE is currently at 78.96, down 0.076% over 24 hours, and is still in stage ① for now.
Don't focus only on the first day's gains—whether the price can hold is what matters.
This is not financial advice. Make your own decisions about buying and selling.