HYPE worth $57—are you going to cut?

Top-tier institutions like Paradigm and Multicoin have just released $290 million worth of HYPE. The price has fallen from the ATH of 77 to 57, down 25%—but just now, the platform’s cumulative perpetual trading is nearing $50 trillion, annualized revenue is nearly $800 million, and the buyback engine is absorbing liquidity every day. So is this round “institutions cashing out en masse,” or the last chance to get on board?

First, on the surface: good news is already out—institutions are retreating?

Over the past week it’s down 4%, down 10% for the month. After pulling back 25% from the mid-June high of 77, retail traders are panicking and shouting “it’s breaking down.” But over six months it’s still up 157%, YTD up 124%. TVL is $6.1 billion, and 30-day perpetual trading exceeds $190 billion. The chart tells you this: the support zone of the 56–58 uptrend line has been tested repeatedly; CVD shows a bullish divergence; and all technical indicators are basically saying one thing—support won’t break, and a rebound is just around the corner.

First thing: institutions have released $290 million, but you may have been spooked.

Paradigm, Multicoin, and others combined to release about $291 million worth of HYPE. Multicoin alone released roughly 1.96 million HYPE, worth $120 million, and some flowed to exchanges.

Sounds scary? But look at the order book—HYPE fell from 77 to 57, only a 25% drop.

With the same bad news, weak projects get cut in half; HYPE is only down 25% and has stalled right in the 56–58 support zone. Some voices say this is wallet rotation or funding needs for a new project, not broad distribution. More importantly, the protocol’s buyback engine keeps automatically accumulating every day—while some sell, others buy.

What counts as strong support? This is it. Retail is still panicking that “institutions are dumping,” while whales are quietly picking up below 57.

Second thing: the fundamentals are absurdly strong, but you’re being tricked by price.

Cumulative perpetual trading is close to $50 trillion, TVL is $6.1 billion, 30-day trading exceeds $190 billion, annualized fees exceed $1 billion, and revenue is about $790 million—most of it flows to buyback and burn, and the supply side keeps shrinking.

Don’t get it? No problem—I’ll translate it into plain human language:

This is a project with real profits, and it buys back its own token every day

Not air, not a meme—one of the strongest cash-flow leaders in DeFi

The product has expanded into stocks, FX, commodities, and RWA—the broader the runway, the wider the track

Price is down 25%, but fundamentals are up 100%. You watch the chart and panic; institutions watch the data and get greedy. That’s divergence.

Third thing: “HIP” upgrade + RWA explosion—the story isn’t finished yet.

Permission market progress is ongoing, and at one point RWA trading volume surpassed crypto-native categories; big holders continue staking. Hyperliquid is shifting from “the on-chain perpetual leader” into an “all-asset trading layer.”

Retail is still debating whether to enter at 57 or 58, but institutions are already positioning for the 2027 narrative.

Remember this golden line:

Every time you cut because of bad news, you’re handing bloodied chips to the people who understood the data.

Bulls vs. bears—you decide.

One side is:

Annualized revenue of nearly $800 million, with buyback-and-burn continuing to accumulate

Cumulative trading of nearly $50 trillion—the DeFi cash-flow king

RWA + stocks + FX—track expansion, with the ceiling opened up

56–58 uptrend line support + bullish CVD divergence

The other side is:

Institutions released $290 million—selling pressure hasn’t been fully absorbed

Weekly down 4%, short-term trend is relatively weak

If BTC breaks below 60k, all altcoins have to follow down

Key level is 57—only 3 dollars away from the lifeline at 60

Resistance above: 60 (psychological level) → 63–64 → 70+ (previous highs)

Support below: 56–58 (trend line + key support) → 50–55 (major floor)

Trading strategy (no fluff)

For short-term traders:

Wait to buy in batches at 56.5–57.5 with low bids, stop loss below 55 (strict!), targets 60–63. If support doesn’t break, don’t chase shorts. Liquidity is thin over the weekend—move less and watch more.

For swing players:

Wait for a recovery to 60 and confirmation on the daily chart; add on the right-side breakout. Target 70+. If it breaks below 55, exit first and observe.

For long-term believers:

DCA in batches from 52–58. A DeFi leader with nearly $800 million in annualized revenue, and a market cap of only $14.4 billion—no matter how you look at it, it doesn’t seem expensive. The 2027 target looks like 100–150+. You’re betting on the RWA + all-asset trading explosion.

HYPE right now is like Hyperliquid itself after the 2024 crash—

Every time institutions release tokens, people shout “it’s distribution,” but every time the low is reached, the next one is higher than the last. #直通IPO第二期JerseyMikes #夏日创作营 #Gate事件合约首发狂欢 $BTC $ETH $HYPE