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Hyperliquid Price Holds $44 Amid Record Revenue of $106 Million
Hyperliquid Price Holds $44 Amid Record Revenue of $106 Million
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BTCCSquare news:
Hyperliquid's HYPE token stabilizes at $44.59 after a week-long decline, showing signs of short-term consolidation. Trading volume dropped 18% to $204.66 million, reflecting muted market activity. The 30-day EMA at $44.04 suggests mid-term stability despite recent volatility.
Fundamentals remain strong with August revenue hitting a record $106 million from $400 billion in perpetual contract volume—a 23% monthly increase. This growth underscores Hyperliquid's expanding role in decentralized derivatives trading, potentially supporting HYPE's valuation long-term.
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