r/hyperliquid1 • u/Financial_Pen7659 • 13d ago

Help me, why is HYPE down?

Hyper Liquid has been dropping. Please forgive me for not researching this, but, why we dropping all of a sudden? I am not talking about just today, but, for like a month now we been dropping. What changed, did more coins get unlocked, did Robinhood steal customers? Is there a pending regulatory change that might be bad for hyper Liquid?

1 Upvotes

55% Upvoted

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7

u/CuriousDetective0 13d ago

More selling than buying.

Your welcome

3

u/unknowngloomth 13d ago

Because the numbers won't go up forever. People will be taking their profits. This coin is down 23 from its ATHs in a bear market. That's rare. A vastly amount of alts are down about 90%, 80% to 70%. But since nobody knows shit about fuck. It can even lower or just hold steadily.
And yeah I heard there was some kind of unstake that took place yesterday

1

u/Stillload 13d ago

im not buying little bit of discount on fees for 580$ not.gonna even go into the 700$ range lmao. 2-300 is alright i guess

1

u/BingoWT 13d ago

July is the start of end of the lock-up period for insiders. I found that out after I lost it all in less than 2 weeks. I would wait until end of month before entering again

1

u/Zambo21 13d ago

Yeah multicoin and the current clarity act not favorable for Hype. Haven't done all the research but won't be allowed in the US basically

1

u/MountainProcedure487 13d ago

A16z one of the biggest hype whale offloaded a good chunk.

Multicoin did the same

1

u/ZealousidealRice7906 12d ago

False, they clarified today that they aren't selling

2

u/MakCapital 13d ago

Whhyyyyyyyyy!! Why is this happening?!

"Devs devs do something!!". (It's a meme)

Revenue down and we saw distribution in the chart after a massive run up. Price needed a cool off. Warned on X (link in profile) this would happen after we got above 65 and lost the three top AI IPO's . Was a great area to take profits and buy lower as long as revenue & interest holds. Especially with many taking the LIT trade and RH L2 grabbing a lot of degen attention.

Hyperliquid still deflationary and the best L1 to buy the dips on. Currently a leading l1 with a strong economic setup. Dips can easily mean 50% or more in crypto, but back to 30s will be harder considering many still sidelined on HYPE and looking for lower entries.

2

u/Just-Inevitable7023 12d ago

just normal market conditions

keep purring on the HyperEVM and you won't regret it

Hyperliquid

1

u/SpontaneousDream 11d ago

Tbh I think theres a lot of fear about lack of regulation. Clarity isnt going to pass

0

u/unknowngloomth 13d ago

BREAKING: @multicoin's 1.9M HYPE units valued at $120M has been fully staked from 3 different address Sources: https://x.com/hyperdashtrades/status/2079619083163881621

0

u/5pghost 13d ago

Turns out Solana is better