Hyperliquid price falls 11.9% to $81 as trading volume jumps to $918 million

Hyperliquid (HYPE) has experienced declining prices in recent sessions, with CoinGecko data showing its market capitalization close to $18.04 billion and a daily trading volume around $918 million. These figures highlight the token’s significant market presence and recent surge in trading activity, despite underperforming the broader cryptocurrency market, which fell 3.9% over the last week. The current downturn in HYPE appears linked to overall market liquidations, an over-the-counter (OTC) distribution of tokens, and persistent selling pressure. No single event has been confirmed as the direct cause. Recent Hyperliquid price action points to considerable volatility.