HYPE Rises 6.7% Against Broader Market Decline as Trading Volume Surges 57.58%
Hyperliquid's HYPE token advanced 6.7% to trade near $41.28 while most altcoins declined, with market capitalization reaching $13.9 billion. Trading volume jumped 57.58%, indicating strong market participation across spot and derivatives platforms. The gain contrasts with broader crypto market weakness, suggesting selective investor rotation into specific opportunities.