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

Submitted by Anonymous (not verified) on Thu, 06/19/2025 - 14:30

After facing rejection above $45, Hyperliquid

HYPE
$37.73

24h volatility:
3.5%

Market cap:
$12.61 B

Vol. 24h:
$446.62 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
$104 882

24h volatility:
0.4%

Market cap:
$2.09 T

Vol. 24h:
$28.35 B

, swiftly on the platform. The DEX demand grew to an extent that it surpassed even Ethereum

ETH
$2 533

24h volatility:
1.1%

Market cap:
$305.85 B

Vol. 24h:
$17.35 B

and Solana

SOL
$145.6

24h volatility:
0.4%

Market cap:
$76.87 B

Vol. 24h:
$4.27 B

in gas revenue.