Hyperliquid crypto is catching the eyes of investors with outstanding performance after hitting bottom last week. It is one of the few coins that bounced heavily after Trump’s tariff pause for 90 days.
But with the continued tariff imposed from and on China, the market continues to be volatile, and HYPE isn’t following the crowd and continues on a steady upside in its price.
Why is it doing good, and will it continue to do so?
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Hyperliquid (HYPE) Doing Good, Why?
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is a DeFi project offering many trading solutions. One is a decentralized exchange with a leverage of up to 50x. It has been one of the most successful crypto products since its start in November 2024. The DEX hit $72.4 billion in volume since April, which gave investors trust in the project and its future.
HYPE is deflationary. The higher the trading volume on Hyperliquid products, the more fees are generated. This leads to more tokens being burned.
Another positive aspect is that Hyperliquid has grown its community organically over the years, accumulating a loyal user base. Since then, it has been one of the biggest crypto communities. This helps spread the word about the product and contributes directly to its success.
Looking at how dedicated the team is and how quickly they respond to user concerns, it’s safe to say things will continue to improve.
Over the last week, doubts and FUD circulated. It focused on the risk of Hyperliquid suffering large losses due to manipulation. This followed the Jelly incident, where an attacker attempted to exploit HLP by opening a large long and short against themselves. This caused the price of HYPE to drop.
Acting quickly, the Hyperliquid team responded with a tweet explaining what happened via their X official account.
Hyperliquid’s margining design mathematically guarantees platform solvency, and HLP’s losses are isolated to the vault itself.
Debunking Hyperliquid FUD (Part 1: HLP, liquidations, and platform guarantees)
It’s sad to see coordinated misinformation campaigns targeting Hyperliquid, which have led to widespread misunderstanding of what we are all working so hard to build.
In response, this series of…
— jeff.hl (@chameleon_jeff) April 5, 2025
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HYPE Price Action and Prediction
Looking at the recent price action for HYPE, it dumped just like the rest of the market to the bottom, which was $9.59, and pumped 50% to $15.68 since then. At the same time, BTC bottomed at $75,000 and pumped 10.67% to $83,000.
The question is, can it continue to outperform like that? With the tariff pause and inflation down, there is a bullish tone shift with $5.5 trillion added back to the US stock market and BTC hitting $84,000.
It seems like some stability is needed. Can HYPE break its resistance?
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Key Takeaways
- Hyperliquid is one of the most successful DeFi projects.
- Hype token is deflationary.
- The team has responded quickly to the exploit and made changes.
- HYPE price is going steady but needs market help.
- Big community backing Hyperliquid means word about current and future products will spread faster, showing huge potential.
The post Hyperliquid Crypto Still Going Up Amid Market Volatility appeared first on 99Bitcoins.
