Hyperliquid (HYPE) is priced at $71.99, nearly unchanged over the past 24 hours, down 0.28%, following a weak week in which it fell by around 14%.
The token saw renewed spot demand on 10 November, when South Korea’s two largest trading platforms listed it, but that was not enough to push its price higher. On 9 November, a whale unstaked 512010 HYPE worth around $39.3 million and transferred it to an institutional trading firm, which the market interprets as a possible preparation to sell.
The price remains around 26% below its September high of $97.96, with a market capitalization of about $17.2 billion and daily trading volume approaching $1 billion.
$HYPE
Watch the $71 level and whether the whale’s tokens are actually sold, as a drop below it would confirm that the decline is not over yet.
The token saw renewed spot demand on 10 November, when South Korea’s two largest trading platforms listed it, but that was not enough to push its price higher. On 9 November, a whale unstaked 512010 HYPE worth around $39.3 million and transferred it to an institutional trading firm, which the market interprets as a possible preparation to sell.
The price remains around 26% below its September high of $97.96, with a market capitalization of about $17.2 billion and daily trading volume approaching $1 billion.
$HYPE
Watch the $71 level and whether the whale’s tokens are actually sold, as a drop below it would confirm that the decline is not over yet.
