After a record -breaking rally up to $ 59.39, Hype has lost steam, pushed through the graph as profitable, whaling movements and an imminent token weigh on sentiment.
Summary
- The Hype price drops this week by 27% and now acts at $ 42.46 after a peak at $ 59.39.
- An imminent token of $ 11.9 billion unlocking in November has fueled the fear of dilution.
- Arthur Hayes reportedly sold $ 5.1 million in hype, so that the Bearish sentiment was fueled on the market.
- Hype also fights with pressure from other Dex tokens such as Aster who surpassed it in daily trade volume.
Hype -price promotion has become Beerarish, whereby token fell around 27% in the past week and was traded at the time of around $ 42.5. The drop comes just a few days after the token reached a new highest highlight of $ 59.39, which marked a sharp retreat of the Bullish Momentum that was seen earlier this month.
Profitable, imminent token unlocking park hype sale
The continuous decrease in the hype price is probably fueled by taking profit efforts from investors who want to increase profit after the recent rally, in particular in the midst of the wider market and rising caution in the sector.
However, a larger factor is a upcoming token of $ 11.9 billion unlocked planned for November. The event has evoked the fears for the dilution of delivery, which pushes early whales to cut off companies and to reduce traders to reduce exposure.
One of the biggest sale came from Arthur Hayes, who had previously predicted a 26x rally for hype. Hayes has dumped around 96,600 tokens, at that time about $ 5 million worth a wave of sales pressure.
Trackers on the chains show various other whales, including one address recently unloaded 201.900 Hype -Tokens worth $ 8.93 million.
Aster Rivalry prints hyperliquid price
The Hype -Token also seems to be losing ground to Aster, a new rival in the eternal Dex room. Competition of the new attracts attention from the hype, the weakening of his momentum and market position. Aster recently made Hyperliquid in 24-hour trade volume, reached up to $ 21.89 billion, which is a reflection of shifting user and investor interests.
On the technical side, the hype is now 28% below the all time. The MACD line on -1.699 indicates that the bearish momentum rise, while the ADX confirms trend strength at 27.50. If the downward trend applies, Hype can re -test the support of $ 40 or further fall to $ 36. To get the momentum back, Bulls must reclaim the level of $ 46.
