Interesting PA for $HYPE these past few months, with even more dumping over the last few days.

The main reason was large-scale unstaking by major VCs and funds:
Multicoin Capital unstaked ~$120M worth of $HYPE, while Paradigm, Selini Capital, and others also moved hundreds of millions more into the 7-day unstaking queue.
Trust CT to panic and overreact, which led to a retrace.
Additionally, Spot HYPE ETFs had their first weekly outflows since launch (~$7M), ending a long inflow streak.
Imo, this is nothing.
@HyperliquidX is still seeing an insane amount of volume and open interest.
Bidding dips.