Hyperliquid (HYPE) has lost approximately 24% of its value over the past 30 days, pressured by sustained institutional selling. Multicoin Capital transferred roughly $7.51 million in HYPE to Coinbase Prime, while Bitwise deposited approximately $1.23 million in tokens on the same platform. The token is currently trading around $54, below its 50-day moving average, with the RSI at 34 approaching oversold territory. The key support zone to watch is between $50 and $52.
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