Gate News Bot Message, November 13th, according to CoinMarketCap data, as of press time, HYPE (Hyperliquid) is trading at $38.32, down 1.33% in the past 24 hours. The price reached a high of $43.24 and a low of $37.64 within the same period, with a 24-hour trading volume of $425 million. The current market capitalization is approximately $12.9 billion, a decrease of about $174 million from yesterday. HYPE is currently ranked 11th in the cryptocurrency market cap list.
Recent important news about HYPE:
1️⃣ Hyperliquid Platform Suspected of Malicious Manipulation
Recently, someone used POPCAT trading to deliberately interfere with Hyperliquid platform operations. The manipulator withdrew 3 million USDC from the exchange and distributed it across 19 wallets, then rapidly bought and sold large amounts of POPCAT, causing Hyperliquid to take over positions and incur losses of approximately $4.9 million. This incident highlights security challenges faced by decentralized trading platforms and could impact investor confidence in the HYPE ecosystem.
2️⃣ Platform Temporarily Suspends Deposits and Withdrawals for System Maintenance
Hyperliquid officially announced that it is performing system maintenance and has temporarily halted deposit and withdrawal functions. This move may be a direct response to the aforementioned manipulation incident, aiming to enhance platform security and stability. While it may affect user experience in the short term, it is beneficial for the platform’s overall security in the long run.
3️⃣ Large Institutions Continue to Increase HYPE Token Holdings
Notable investment firm Paradigm recently staked 14.7 million HYPE tokens, valued at approximately $581 million, and transferred 3.02 million HYPE to Hyperevm. Additionally, Paradigm currently holds 1.41 million unstaked HYPE tokens. This indicates that major institutional investors remain confident in HYPE, potentially supporting the token’s price.
From a technical perspective, HYPE faces resistance around $43 and is currently hovering near $38. Investors should watch whether the support level at $37–38 can hold effectively. Fundamentally, despite the security incident, continued institutional investment may provide some support for HYPE. However, the platform’s service suspension could lead to short-term volatility.
This message is not investment advice. Please be aware of market risks when investing.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
XRP Today’s News: Institutional funds return, circulating inflow of 120 million exceeds Bitcoin
This week, XRP recorded a $119.6 million capital inflow, setting the highest mark since 2025 and becoming a major beneficiary in the crypto market. This round of funds returning was mainly driven by greater clarity in regulatory policy and XRP’s real-world use in cross-border payment infrastructure. Technically, it shows an initial recovery, but overall it is still in a downward channel. The support and resistance levels are $1.31 and $1.40, respectively; if it breaks through, it is expected to reach $1.50.
MarketWhisper9m ago
XRP drops to $1.33, with $3.32 million in ETF inflows still failing to reverse the downtrend; the key support to watch is $1.28
In April 2026, the XRP price pulled back to $1.33, down about 4%. Although there was capital inflow into Ripple-related products, selling pressure dominated the market, and increased trading volume signaled distribution. Declining liquidity further heightens volatility risk; watch the $1.33 support—if it breaks, prices will likely fall further. For a short-term rebound, it needs to break above $1.35; otherwise, it should remain in a weak range-bound consolidation.
GateNews30m ago
XRP Price Structure Signals More Downside — Key Levels to Watch
XRP fails to make new highs, confirming bearish market structure remains intact.
Price targets $1.13, $1.08, and potentially $0.87 support levels.
Traders should wait for confirmation instead of reacting to short-term price moves.
Short bursts of green candles can quickly shift market
CryptoNewsLand36m ago
Bitcoin is hovering around the $700,000 level; if oil prices fall below $100 or push toward $80,000
Bitcoin has recently been trading in a high-level range. The price rebounded from $67,000 to $70,900, driven by a U.S.-Iran ceasefire agreement. Market analysis suggests that weakness in oil prices—or easing inflation pressure—may support Bitcoin’s upside. If it breaks above $72,500, it could trigger short liquidations and push the price up to $80,000. However, instability in the Middle East and a rebound in oil prices could act as a drag. Volatility in the energy market will be a key factor influencing Bitcoin’s direction.
GateNews38m ago
Tom Lee: The stock market often hits bottom early in a war, bullish on Ethereum and tech stocks
Well-known analyst Tom Lee said in an interview that despite the U.S.-Iran conflict and rising oil prices, the stock market did not fall, showing that the market has strong resilience. He believes that most S&P constituents have undergone significant adjustments, that the worst-case scenario for the overall market may already be behind us, and that there is room for upside from here. He is bullish on Ethereum as well as technology, industrial, and mid- and small-cap stocks.
GateNews1h ago
Michael Saylor: Bitcoin may have already hit bottom, but quantum risks have been exaggerated
Strategy Executive Chairman Michael Saylor believes Bitcoin hit its bottom around $60,000 this February, because all forced sellers in the market have already exited. He said that the catalyst for the next bull market will be a bitcoin-based banking credit system, while he believes the threat from quantum computing is being exaggerated, and he pointed out that the technical community has enough time to deal with this threat.
MarketWhisper4h ago
