Hyperliquid (HYPE) has seen strong selling pressure, correcting nearly 20% from its $45 all-time high, and dropping below $38 in the last 24 hours.
By Bhushan Akolkar
Editor Julia Sakovich
Updated
2 mins read
After facing rejection above $45, Hyperliquid HYPE $36.86 24h volatility: 5.5% Market cap: $12.31 B Vol. 24h: $420.46 M price has come under strong selling pressure while correcting nearly 20% from its all-time highs. In the last 24 hours, HYPE has corrected by an additional 7%, taking a dip all the way under $38. This HYPE selling pressure comes despite a Nasdaq-listed firm announcing a 1-million Hyperliquid Treasury earlier this week.
As per the technical chart pattern, the HYPE price gave a decisive breakout from its descending chart pattern, triggering a solid upside all the way from $17 to $45, clocking a massive 170% gain in a short period. Furthermore, as per the Fibonacci retracement levels, Hyperliquid could form a strong support at $38.13, falling to hold can lead to a further drop in the $27-$31 range.
If $HYPE can't hold this support…
Back to $27 – $31 pic.twitter.com/mA04Q5dcGi
— Greeny (@greenytrades) June 19, 2025
It seems that after a massive rally, there’s some profit-booking by the bulls at this stage.
Eyenovia (Nasdaq: EYEN) has announced a groundbreaking move by allocating $50 million to establish a crypto reserve in $HYPE, the native token of the Hyperliquid blockchain. This decision marks a significant milestone, making Eyenovia the first publicly traded US company to incorporate $HYPE into its treasury strategy.
The company’s decision underscores the growing institutional interest in emerging blockchain ecosystems as part of diversified asset management.
⚡️BIG: Eyenovia (Nasdaq: $EYEN) is investing $50 million to build a crypto reserve of $HYPE, the native token of the Hyperliquid blockchain.
With this move, it becomes the first publicly traded U.S. company to adopt $HYPE as part of its treasury strategy. pic.twitter.com/1uKPluCqbe
— Crypto Coin Show (@CryptoCoinShow) June 18, 2025
In a similar development, Lion Group Holding Ltd (NASDAQ: LGHL) announced that it has secured a $600 million funding facility from ATW Partners. The capital will support the company’s launch of its HYPE Treasury and broader on-chain initiatives.
To ensure the security and optimization of its digital asset holdings, LGHL has partnered with BitGo, a leading provider of digital asset infrastructure solutions.
Decentralized trading platform Hyperliquid gained massive popularity recently, with James Wynn executing his billion-dollar trades for Bitcoin BTC $104 334 24h volatility: 0.2% Market cap: $2.07 T Vol. 24h: $25.93 B , swiftly on the platform. The DEX demand grew to an extent that it surpassed even Ethereum ETH $2 510 24h volatility: 0.3% Market cap: $303.04 B Vol. 24h: $13.97 B and Solana SOL $144.0 24h volatility: 1.0% Market cap: $76.03 B Vol. 24h: $3.80 B in gas revenue.
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Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
