The token’s market capitalization stood near $14.01 billion with roughly $455 million in 24-hour trading volume, while traders watched support around the $54-$55 area.
Hyperliquid’s native token HYPE traded at about $55.5 on Tuesday morning, down nearly 8% over the previous 24 hours as broader cryptocurrency sentiment remained mixed and several major assets also fell. CoinMarketCap data showed HYPE with a market capitalization near $14.01 billion and roughly $455 million in 24-hour trading volume. The token moved between about $54.77 and $60.33-$60.35 during the session and remained roughly 28% below its June 16, 2026 all-time high of $76.85-$76.87. Even after the latest pullback, HYPE is still far above its November 2024 all-time low of about $3.20 to $3.81. Hyperliquid operates as a Layer-1 blockchain (base network for apps) built for decentralized finance, with perpetual futures (contracts without expiry) and spot trading on a fully on-chain order book. The report says traders are watching whether HYPE can hold the $54-$55 support zone; a move back toward the mid-$60s could point to renewed buying interest, while a break below recent lows may signal deeper consolidation.