Hyperliquid (HYPE) Crashes 60% From ATH: What’s the Next Stop?

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Hyperliquid (HYPE) is currently trading near $24, down over 60% from its all-time high. The token has seen a 10% drop in the last 24 hours and a 13% decrease in the past week, indicating weak momentum and potential for further downside risks. Its 24-hour trading volume exceeds $550 million, and its market cap is approximately $6.6 billion, ranking #25 in the crypto market.
Hyperliquid (HYPE) is trading near $24 at press time, showing a sharp drop of more than 60% from its all-time high. The token has lost over 10% in the last 24 hours and nearly 13% in the past week. Market data shows weak momentum and further downside risks unless buyers return soon.
As a result, its 24-hour volume is over $550 million, while its market cap stands around $6.6 billion. HYPE is ranked #25 among cryptocurrencies by market value.
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