2025-12-07 21:20:17

Hyperliquid’s native token HYPE has recently been performing poorly, with its price dropping to a seven-month low. This sudden decline is largely related to a sharp contraction in the protocol’s market share, as well as concerns sparked by unusual token transfers.

According to the data, HYPE has fallen by more than 4% in the past day, sliding to $29.24—a weakest showing since May. To make matters worse, this drop directly triggered over $11 million in forced liquidations. Keep in mind, this happened during a period when the market was already cautious and sentiment was far from optimistic.

Currently, the market’s attitude toward HYPE has clearly turned bearish. The protocol’s dominance is waning, and the recent surge in token movements has holders on edge. With multiple negative factors stacking up, it’s unlikely there will be a significant rebound in the short term.

HYPE1,1%

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HodlOrRegret

· 2025-12-10 20:54

Hype has really fallen apart. This drop is quite fierce, and a 11 million liquidation is just crazy.

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GateUser-beba108d

· 2025-12-10 19:48

They're dumping the market again, and this time it's really quite fierce haha

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ContractFreelancer

· 2025-12-09 08:53

If I had known earlier, I wouldn't have touched this thing. Liquidating 11 million is just insane. Market share is shrinking, and there are abnormal token transfers—it feels like Hyperliquid can't hold on much longer. This drop looks scary. At over $29, it really feels like we're back in May, with no rebound in sight. Alright, alright, those who keep bottom fishing are in for a long wait. Frequent token movements... is this some kind of signal for us? If HYPE still can't stabilize, holders might all flee together. To be honest, when a protocol declines, it's always the retail investors who end up paying the price. Speechless.

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SignatureVerifier

· 2025-12-08 23:21

ngl, those "anomalous token transfers" are the real red flag here... insufficient validation on movement patterns? classic setup. $11M in liquidations suggests someone definitely saw this coming before the masses tbh

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ReverseTradingGuru

· 2025-12-07 21:44

Another ominous sign... Just hold coins and wait for death, I guess.

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SchrodingerAirdrop

· 2025-12-07 21:30

Damn, another token transfer fiasco. This trick is getting old. Another night before going to zero? Holders should probably run. This HYPE wave just completely broke the psychological barrier, $11 million liquidated, tsk tsk... Market share shrinking, tokens moving around frequently... Is this just clearing positions or is there really a problem? 29 bucks, I bet fifty cents it'll be 20 next week. Why is it always the same plot? Hype it up then crash, same old story, folks. Protocol dominance declining? You guys aren't seeing the deeper issues. In this situation, short term? What, you think it'll bounce back in the long run? Nonsense.

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HodlKumamon

· 2025-12-07 21:24

Bear checked the historical data, and this correction is actually a good opportunity for DCA... really. --- 11 million forced liquidations... painful, but that's the market for you. Just hold tight and you'll be fine. --- Abnormal token transfers are indeed a bit scary, but Bear thinks the panic is overblown. --- Saw $29 in May, and now it's happening again... it really is a cycle. --- Declining protocol share is a real problem, so the probability of a short-term rebound is indeed low. --- Wait, is this really a seven-month low? Let me recalculate... feels like it was even lower two months ago. --- Holders are trembling, but I'm studying buy-in costs, haha. --- Market sentiment index broke 80, and by the data logic, this is exactly the time to buy the dip. --- Multiple negative factors piling up... sounds nice, but it just means everything is dropping together, perfectly normal. --- No worries, no worries, Bear's DCA plan is unchanged, just keep buying.

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GateUser-a5fa8bd0

· 2025-12-07 21:22

Dropped again, I really can't take it anymore.

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gas_fee_therapist

· 2025-12-07 21:21

Dropped again and again? I'm numb now, is HYPE heading for zero? Held for so long, how is it still dropping even harder… seriously Tokens are circulating so frequently, it's honestly a bit scary This round of forced liquidations hit 11 million— the market really is clearing out Protocol dominance is declining, to put it nicely, it just means no one believes in it anymore Short-term rebound? How? There's no bottom anymore The market is freezing cold, have to wait for spring… but maybe it won't come This round is really unplayable, anyone who went all-in is kneeling HYPE holders must be having a tough time now, I just want to see who will have the last laugh It's time for another test of faith— is anyone still here?

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