HYPE falls to $80 as ETF outflows and flat volume weigh on Hyperliquid
- —HYPE fell 4% and briefly hit $80, holding below its 20- and 50-day EMAs
- —Perpetual volume rose only modestly, from $41.5 billion to $42.5 billion
- —Hyperliquid revenue slipped from $14.6 million to $14.4 million over the week
- —US spot HYPE ETFs saw $2.35 million in daily outflows and $10.3 million since early September
Why it matters: Flat volume and ETF outflows pressure HYPE, and with 99% of protocol fees funding token buybacks, weaker activity directly undermines price support.
Source: FXStreet Crypto