Hyperliquid Still Rules the Perps Market, but HYPE Bulls Face Trouble

Your call?🐂 Bullish🐻 Bearish

-22%

HYPE drop from record

$HYPE

$77.40

+3.2%

Hyperliquid’s HYPE token has retreated roughly 22% from its September record near $98, even as the decentralized trading platform commands approximately $7.7 billion in open interest. With a $17 billion market capitalization, billions in…