HYPE Price Drops 20% as Hyperliquid Treasury Announcement Fails to Gather Momentum

7h ago•

bullish:

bearish:

After facing rejection above $45, Hyperliquid HYPE $37.76 24h volatility: 3.6% Market cap: $12.70 B Vol. 24h: $445.69 M price has come under strong selling pressure while correcting nearly 20% from its all-time highs. In the last 24 hours, HYPE has corrected by an additional 7%, taking a dip all the way under $38. This HYPE selling pressure comes despite a Nasdaq-listed firm announcing a 1-million Hyperliquid Treasury earlier this week.

As per the technical chart pattern, the HYPE price gave a decisive breakout from its descending chart pattern, triggering a solid upside all the way from $17 to $45, clocking a massive 170% gain in a short period. Furthermore, as per the Fibonacci retracement levels, Hyperliquid could form a strong support at $38.13, falling to hold can lead to a further drop in the $27-$31 range.

If $HYPE can't hold this support…

Back to $27 – $31 pic.twitter.com/mA04Q5dcGi

— Greeny (@greenytrades) June 19, 2025

It seems that after a massive rally, there’s some profit-booking by the bulls at this stage.

Nasdaq-Listed Firm to Build Hyperliquid Treasury

Eyenovia (Nasdaq: EYEN) has announced a groundbreaking move by allocating $50 million to establish a crypto reserve in $HYPE, the native token of the Hyperliquid blockchain. This decision marks a significant milestone, making Eyenovia the first publicly traded US company to incorporate $HYPE into its treasury strategy.

The company’s decision underscores the growing institutional interest in emerging blockchain ecosystems as part of diversified asset management.

⚡️BIG: Eyenovia (Nasdaq: $EYEN) is investing $50 million to build a crypto reserve of $HYPE, the native token of the Hyperliquid blockchain.

With this move, it becomes the first publicly traded U.S. company to adopt $HYPE as part of its treasury strategy. pic.twitter.com/1uKPluCqbe

— Crypto Coin Show (@CryptoCoinShow) June 18, 2025

In a similar development, Lion Group Holding Ltd (NASDAQ: LGHL) announced that it has secured a $600 million funding facility from ATW Partners. The capital will support the company’s launch of its HYPE Treasury and broader on-chain initiatives.

To ensure the security and optimization of its digital asset holdings, LGHL has partnered with BitGo, a leading provider of digital asset infrastructure solutions.

Decentralized trading platform Hyperliquid gained massive popularity recently, with James Wynn executing his billion-dollar trades for Bitcoin BTC $104 850 24h volatility: 0.4% Market cap: $2.09 T Vol. 24h: $28.66 B , swiftly on the platform. The DEX demand grew to an extent that it surpassed even Ethereum ETH $2 534 24h volatility: 1.3% Market cap: $305.97 B Vol. 24h: $17.98 B and Solana SOL $145.7 24h volatility: 0.3% Market cap: $77.01 B Vol. 24h: $4.30 B in gas revenue.