The post HYPE Airdrop Surges 125%, Faces Market Pressure appeared first on Coinpedia Fintech News
Hyperliquid’s HYPE token soared 125% within 24 hours of its massive airdrop, reaching an all-time high of $7.11. The project allocated 310M tokens, 31% of its supply, as part of one of the largest airdrops in crypto history. While enthusiasm is high, with whales claiming substantial profits, selling pressure looms. Historically, airdropped tokens face price declines due to quick sell-offs, though HYPE remains resilient for now. With over $2.23B in market cap, the token’s future depends on maintaining demand and avoiding the pitfalls that typically follow such events.