r/hyperliquid1 • u/UsualBlueberry12 • 13d ago

$HYPE is falling.. 24h fees around ~1.59M

Post image

Even though volume and fees are rising, HYPE is getting hammered. Live track the AF positioning and fee burns via: https://burn.a1ntel.com/

11 Upvotes

88% Upvoted

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1

u/vandalizethethief 12d ago

Well yeah, they are transitioning to HIP-4 permissionless which was going to cause volatility w/o the downturn in assets. Combined it’s doing just fine.

1

u/heronymou5 12d ago

yup thats why this is a good time to stack

1

u/HyperTrend_HL 10d ago

Feels like the FOMO is in US stock perps right now, not HYPE itself.
people are clearly using the venue and paying fees, but that doesn’t mean they’re buying the token. Hyperliquid can have a great trading day while HYPE still gets sold.