HYPE Token CRASHES! What’s going on with Hyperliquid?
📉🔥💀
One of crypto’s most hyped DEXs, Hyperliquid, is now facing its toughest storm ever.
Here’s the full breakdown:
🔻 Price Plunge
HYPE nosedived to $11.10, crashing 67% from its $35.20 ATH!
Market cap shrank from nearly $10B to just $3.8B!
📉 The Dilution Bomb
Circulating supply: 333M
Total supply: Nearly 1B
Daily unlocks begin Nov 2025: 216,580 tokens = $2.52M/day
Unlocks continue until Nov 2028
No burn mechanism = massive inflation pressure!
💥 JELLY Crisis Fallout
Dev team suddenly delisted JELLY — causing major investor losses. Trust shaken. Confidence drained.
📉 Volume Collapse
Perpetual futures volume:
January: $200B
March: $175B
7-day volume: Down 27% to $38B
Daily volume: Crushed 70% to $2.4B
Layer-1 volume: Down 28.5% to $702M
📊 Technical Analysis = Bearish
Broke below critical support at $12.11
Invalidated double bottom
Formed a Bearish Flag
Below 50-period MA
Unless it crosses $13.37, we might see it fall to the $10.45 all-time low!
Verdict?
Without recovery in volume, community trust, or a burning mechanism — HYPE might turn into just that… hype.
#Hyperliquid #HYPEtoken #cryptocrash #DeFiNews #BTCvsMarkets