On June 23, Hyperliquid Strategies fell 9.95% in pre-market trading, trading at $8.41/share, with turnover of $1.4436 million.
On the news front, the supply shock triggered by large-scale HYPE token unlocks continues to persist. The stock had previously declined over 35% from its high of $11.69. Although an oversold bounce briefly emerged, the rebound momentum failed to sustain, and persistent selling pressure from token unlocks continues to dominate short-term price action.
Despite multiple institutions previously issuing buy ratings with a target price of $18, and highlighting that Hyperliquid's perpetual DEX commands a 31.9% market share with annual platform revenue exceeding $600 million — representing a valuation at only half that of traditional exchange CME and suggesting significant undervaluation — the short-term selling pressure shows no signs of material relief, driving the stock to accelerate its decline once again.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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