HYPE’s drop below $75, following a 2% intraday decline, and a whale’s transfer of 512,010 tokens worth about $39.3 million to FalconX are adding to selling pressure. The $64 level, followed by $53, is therefore technically possible, but analysts are not convinced the decline will last. Binance’s reopening of HYPE withdrawals after a $6.3 billion hack could reduce exchange balances and support a move toward new highs, potentially $100. In parallel, Hyperliquid burned $1.06 million worth of HYPE in 24 hours through buybacks, while protocol revenue rose 20%, adding nearly $290,000 and potentially supporting the token’s supply and price.
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