Hyperliquid Slips Below $60 As Multicoin, Paradigm Unstake $291M In HYPE
2026-07-23 20:21:36
Hyperliquid’s HYPE fell below $60 after two major funds unstaked about $291 million of the token in days, stoking fears of selling. Multicoin said it is not selling and on-chain data showed the tokens moving to custody rather than to market, according to BeInCrypto, while Paradigm has not commented. HYPE was last trading at $58, about 24% below its June record of $76.70.
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