#美联储重启降息步伐 $HYPE has fallen below the 30U mark—can it withstand this round of correction?

The immediate trigger for the market decline was the team releasing 26,000 HYPE tokens from staking, which was followed by massive sell-offs. From the project’s perspective, HYPE has basically copied dYdX’s development path, and dYdX’s glory days are already over. With the current market cap, there is indeed little room for a comeback—the daily chart is already testing the previous lows, and in a bear market, funds tend to be even more cautious and wait-and-see.

Some whales bought HYPE at high levels and are now sitting on an unrealized loss of $15 million, with the liquidation price around 22U. Looking at the trend, if it can find solid support in this range, there might be a short-term rebound opportunity. Those interested in participating can wait for signs of stabilization before considering an entry.