Hyperliquid reclaims $20B market cap as Kraken parent plans US perps launch
- —A whale bought over 123K HYPE worth $10 million from Wintermute after a month of inactivity
- —Hyperliquid led all protocols in holder revenue over the past month at $63.94 million
- —Spot HYPE ETFs from Bitwise, Grayscale and 21Shares have seen no net inflows since Oct. 6
- —HYPE broke a descending trendline but faces resistance at $81
Why it matters: Institutional interest in Hyperliquid perps could support HYPE demand, but ETF outflows and a fragile MACD signal the rally remains uncertain.
Source: AMBCrypto