HYPE’s continued decline brings its price to the lowest level since May 8, 2025, more than 62% below its peak amid market pressure from recent supply increases.
The cryptocurrency HYPE fell 7.92% in the past 24 hours to $22.3, marking its lowest price since May 8, 2025. This represents a drop of over 62% from its all-time high of $59.4. Its current market capitalization is $7.6 billion. The decline follows recent market pressures from expanded circulating supply, including a token unlock on November 29 that released 9.92 million HYPE tokens valued at $312 million.