Hyperliquid (HYPE) 6.5% की गिरावट के बाद टॉप 10 से बाहर हुआ: क्यों?

Hyperliquid exchange’s native coin, HYPE, is experiencing one of its strongest years to date. The digital asset achieved multiple all-time highs throughout 2026 and previously secured a spot among the top 10 cryptocurrencies by market capitalization. Nevertheless, figures from CoinGecko indicate that HYPE has undergone a sharp 6.5% downturn over the past week, resulting in the token sliding out of the top 10 rankings. Here is an examination of why Hyperliquid (HYPE) is currently declining and whether a recovery is on the horizon.

Why Is Hyperliquid Down Today?

Despite its current correction, HYPE continues to hold onto significant profits across the 14-day, monthly, and annual timeframes. Just six days prior on September 23, 2026, HYPE reached an all-time high of $97.96. This recent price pullback is likely the result of investors taking profits following the token’s peak.

An additional factor behind the downward movement is a broader market downturn. Bitcoin (BTC) has dropped to the $83,000 threshold following its previous climb toward $87,000. Sentiment across the cryptocurrency sector has turned more cautious following the Federal Reserve’s decision to increase interest rates by 25 basis points at the conclusion of the September FOMC (Federal Open Market Committee) meeting.

For much of the year, the broader crypto market has faced momentum challenges, whereas Hyperliquid (HYPE) largely defied that pattern. This divergence was driven by a dramatic rise in platform users on the Hyperliquid exchange. Traders rushed to the platform to trade oil futures following the outbreak of the US-Iran conflict. This activity generated a substantial increase in fee collections, which the protocol utilizes to repurchase HYPE coins. These heightened buybacks directly fueled a massive price rally.

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Furthermore, HYPE experienced a previous price surge after President Trump announced during a White House cryptocurrency event that the exchange could soon launch in the United States. A successful US debut has the potential to push HYPE past the $100 milestone.