On June 11, Hyperliquid Strategies rose 8.12% in regular trading, trading at 8.165 USD/share, with turnover of approximately $42.5 million.
On the news front, the stock had been under sustained selling pressure triggered by large-scale HYPE token unlocks, with the share price retreating from a high of $11.69 and breaking below the prior low of $8.15 to establish a new low, representing a cumulative decline exceeding 35%. As selling pressure was gradually absorbed, the stock staged an oversold rebound.
Multiple institutions had previously issued buy ratings on the company with a target price of $18, implying significant upside from current levels. Research reports highlighted that Hyperliquid's perpetual DEX commands a 31.9% market share, the platform generates annual revenue exceeding $600 million, and its valuation stands at merely half that of traditional exchange CME, suggesting severe undervaluation. These fundamental supports provided a floor for the technical bounce following the extended selloff driven by token supply overhang.
(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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