$HYPE Slides as Ethereum Soars and Hyperliquid Hits $19B – Can It
0Ethereum
hyperliquid
Hyperliquid traders fuel a $19B platform’s record volumes, yet $HYPE holders quietly cash out as Ethereum’s rally steals the spotlight.
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Hassan Shittu
Journalist
Hassan Shittu
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Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...
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Last updated:
July 18, 2025
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The native token of Hyperliquid, $HYPE, is trading lower even as its parent platform records historic growth and Ethereum continues its sharp rally.
At the time of writing, HYPE is down 3.3% in the past 24 hours and 1.1% over the past seven days. It’s currently priced at $45.13, roughly 8.5% below its all-time high of $49.75, reached earlier this week.
Trading volume remains elevated, hitting over $570 million in the last 24 hours, a 13.4% increase from the day before.
Hyperliquid Hits Record Perps Volume as Ethereum’s Surge Overshadows $HYPE Token.
Ethereum’s explosive rally is reshaping capital flows across the crypto market. Now trading at $3,609, ETH has surged 43% in the past 30 days and has broken above $3,280 for the first time since February, just 9.6% shy of its all-time high of $4,891 set in 2021.
Source: ETH Daily Chart\Cryptonews
This sharp climb appears to be pulling liquidity from...
https://cryptonews.com/news/hype-slides-ethereum-soars-hyperliquid-hits-19b-can-it-rebound/
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