HYPE traded near $40 after a slight dip, with the pullback seen as profit-taking following a strong 50% monthly rally.
Hyperliquid recorded $5.4B daily volume and $1.8B open interest, driven by rising demand for crypto and commodity derivatives.
Strong fees, buybacks, and user growth continue to support the uptrend, with $39–$40 acting as a key support zone.
Hyperliquid’s native crypto HYPE eased slightly over the past 24 hours, trading near $40.02 after a decline of around 1%. The setback follows a strong run in recent weeks, during which HYPE grew close to 50% over the past month. The latest dip seems modest in comparison and looks more like a pause rather than a reversal.
Traders often lock in gains after sharp rallies, and HYPE’s recent pullback fits that pattern. There has been no clear negative catalyst behind the move. Instead, the price action points to a short-term cooling phase as the market absorbs earlier gains.
Hyperliquid Holds Near $40
Hyperliquid
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