HYPE Price Drops 20% as Hyperliquid Treasury Announcement Fails to Gather Momentum
After facing rejection above $45, Hyperliquid HYPE $38.06 24h volatility: 2.8% Market cap: $12.72 B Vol. 24h: $446.26 M price has come under strong selling pressure while correcting nearly 20% from its all-time highs. In the last 24 hours, HYPE has corrected by an additional 7%, taking a dip all the way under $38. This HYPE selling pressure comes despite a Nasdaq-listed firm announcing a 1-million Hyperliquid Treasury earlier this week.
As per the technical chart pattern, the HYPE price gave a decisive breakout from its descending chart pattern, triggering a solid upside all the way from $17 to $45, clocking a massive 170% gain in a short period. Furthermore, as per the Fibonacci retracement levels, Hyperliquid could form a strong support at $38.13, falling to hold can lead to a further drop in the $27-$31 range.
If $HYPE can't hold this support…
Back to $27 – $31 pic.twitter.com/mA04Q5dcGi
— Greeny (@greenytrades) June 19, 2025
It seems that after a massive rally, there’s some profit-booking by the bulls at this stage.
Nasdaq-Listed Firm to Build Hyperliquid Treasury
Eyenovia (Nasdaq: EYEN) has announced a groundbreaking move by allocating $50 million to establish a crypto reserve in $HYPE, the native token of the Hyperliquid blockchain. This decision marks a significant milestone, making Eyenovia the first publicly traded US company to incorporate $HYPE into its treasury strategy.
The company’s decision underscores the growing institutional interest in emerging blockchain ecosystems as part of diversified asset management.
⚡️BIG: Eyenovia (Nasdaq: $EYEN) is investing $50 million to build a crypto reserve of $HYPE, the native token of the Hyperliquid blockchain.
With this move, it becomes the first publicly traded U.S. company to adopt $HYPE as part of its treasury strategy. pic.twitter.com/1uKPluCqbe
— Crypto Coin Show (@CryptoCoinShow) June 18, 2025
In a similar development, Lion Group Holding Ltd (NASDAQ: LGHL) announced that it has secured a $600 million funding facility from ATW Partners. The capital will support the company’s launch of its HYPE Treasury and broader on-chain initiatives.
To ensure the security and optimization of its digital asset holdings, LGHL has partnered with BitGo, a leading provider of digital asset infrastructure solutions.
Decentralized trading platform Hyperliquid gained massive popularity recently, with James Wynn executing his billion-dollar trades for Bitcoin BTC $104 916 24h volatility: 0.6% Market cap: $2.09 T Vol. 24h: $28.77 B , swiftly on the platform. The DEX demand grew to an extent that it surpassed even Ethereum ETH $2 538 24h volatility: 1.6% Market cap: $306.34 B Vol. 24h: $17.94 B and Solana SOL $146.1 24h volatility: 0.2% Market cap: $77.16 B Vol. 24h: $4.27 B in gas revenue.
The post HYPE Price Drops 20% as Hyperliquid Treasury Announcement Fails to Gather Momentum appeared first on Coinspeaker.
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Singapore based company secured $600M to build crypto reserve
HYPE Price Drops 20% as Hyperliquid Treasury Announcement Fails to Gather Momentum
After facing rejection above $45, Hyperliquid HYPE $38.06 24h volatility: 2.8% Market cap: $12.72 B Vol. 24h: $446.26 M price has come under strong selling pressure while correcting nearly 20% from its all-time highs. In the last 24 hours, HYPE has corrected by an additional 7%, taking a dip all the way under $38. This HYPE selling pressure comes despite a Nasdaq-listed firm announcing a 1-million Hyperliquid Treasury earlier this week.
As per the technical chart pattern, the HYPE price gave a decisive breakout from its descending chart pattern, triggering a solid upside all the way from $17 to $45, clocking a massive 170% gain in a short period. Furthermore, as per the Fibonacci retracement levels, Hyperliquid could form a strong support at $38.13, falling to hold can lead to a further drop in the $27-$31 range.
If $HYPE can't hold this support…
Back to $27 – $31 pic.twitter.com/mA04Q5dcGi
— Greeny (@greenytrades) June 19, 2025
It seems that after a massive rally, there’s some profit-booking by the bulls at this stage.
Nasdaq-Listed Firm to Build Hyperliquid Treasury
Eyenovia (Nasdaq: EYEN) has announced a groundbreaking move by allocating $50 million to establish a crypto reserve in $HYPE, the native token of the Hyperliquid blockchain. This decision marks a significant milestone, making Eyenovia the first publicly traded US company to incorporate $HYPE into its treasury strategy.
The company’s decision underscores the growing institutional interest in emerging blockchain ecosystems as part of diversified asset management.
⚡️BIG: Eyenovia (Nasdaq: $EYEN) is investing $50 million to build a crypto reserve of $HYPE, the native token of the Hyperliquid blockchain.
With this move, it becomes the first publicly traded U.S. company to adopt $HYPE as part of its treasury strategy. pic.twitter.com/1uKPluCqbe
— Crypto Coin Show (@CryptoCoinShow) June 18, 2025
In a similar development, Lion Group Holding Ltd (NASDAQ: LGHL) announced that it has secured a $600 million funding facility from ATW Partners. The capital will support the company’s launch of its HYPE Treasury and broader on-chain initiatives.
To ensure the security and optimization of its digital asset holdings, LGHL has partnered with BitGo, a leading provider of digital asset infrastructure solutions.
Decentralized trading platform Hyperliquid gained massive popularity recently, with James Wynn executing his billion-dollar trades for Bitcoin BTC $104 916 24h volatility: 0.6% Market cap: $2.09 T Vol. 24h: $28.77 B , swiftly on the platform. The DEX demand grew to an extent that it surpassed even Ethereum ETH $2 538 24h volatility: 1.6% Market cap: $306.34 B Vol. 24h: $17.94 B and Solana SOL $146.1 24h volatility: 0.2% Market cap: $77.16 B Vol. 24h: $4.27 B in gas revenue.
The post HYPE Price Drops 20% as Hyperliquid Treasury Announcement Fails to Gather Momentum appeared first on Coinspeaker.
Read More
Trader Says Dogecoin Competitor Headed to the ‘Gulag’ if Support Level Crumbles, Updates Outlook on Bitcoin and Hyperliquid