Hyperliquid (HYPE) price has plunged to approximately $39.48 during the downward momentum in the overall crypto market following the Federal Reserve’s decision to hold interest rates steady
Despite the downfall in the token’s price, the platform is showing massive growth with S&P 500 perpetual contracts reaching $215 million through a TradeXYZ partnership
The blockchain has reached a new achievement with open interest across HIP 3 markets surging to $1.4 billion
Amid the correction in the overall crypto market, Hyperliquid (HYPE) price witnessed a major drop on Thursday, forcing its value to plunge below $40 with an over 6% drop.
According to CoinMarketCap, Hyperliquid (HYPE) is revolving around $39.48 with a market capitalization of $10.14 billion. The daily trading volume is hovering around $440.48 million.
Hyperliquid (HYPE) Token Loses Value, Perpetual Trading Volumes Surge
This drop in Hyperliquid (HYPE) came after the FOMC meeting on March 18, where
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