ChainCatcher news, Hyperliquid market shows that the price of HYPE token once reached $3.975 at the opening, and is currently reported at $3.702. The market value of the token has now reached $1.23 billion, attracting widespread attention from the market.

First, the opening performance of the HYPE token was strong, with a maximum price of nearly $4, showing the market's positive response to its initial performance. However, the price subsequently fell back to $3.702, indicating that the market may be re-evaluating its value.

Secondly, the market value of $1.23 billion marks that HYPE has taken a place in the digital currency market. The rapid growth of the market value may attract more investors' attention, but it may also trigger discussions about its long-term stability.