Hyperliquid Is Below $80 Two Weeks After the Unlock We Said Was Different

Quick Take 1. HYPE trades at $78.99, down 6.13% over the week, roughly 5.4% below the record $83.50 it set on August 25 and back under the round number. 2.

The token released 14,175,778 HYPE on August 29, its largest monthly unlock, with 46.6% going to insiders and early investors rather than to a treasury. 3. It is the weakest weekly performer among the large caps on this tape, against Zcash at plus 1.13% and XRP at plus 0.41%.

Hyperliquid has given back its August advance. HYPE trades at $78.99, down 0.77% on the day and 6.13% on the week, making it the softest of the large caps on a session where the broader market was mixed and 27 of the QC 100 constituents advanced. Live price data via CoinGecko.

Total crypto market capitalization sits at $2.62 trillion with Bitcoin at $76,863.90, itself down 1.87% on the week. What did this site say before the unlock?