Hyperliquid Price Dips Amid Whale Dump Despite Major NYSE Deal
Photo: The Coin Republic
Key Insights Hyperliquid price faced pressure as two whale wallets sold $108.81 million in HYPE tokens. Intercontinental Exchange partnered with trade.xyz to pursue regulated U.S. perpetual futures markets. HYPE price hovered near $90 despite weekly gains exceeding 16%, according to CoinGecko. Hyperliquid price traded near $90 on Oct. 31 after two major wallets sold approximately $108.81 million in HYPE tokens. The selling followed a partnership announcement involving Intercontinental Exchange (ICE) and trade.xyz. The agreement proposed bringing regulated perpetual futures markets into the U.S. through Hyperliquid infrastructure. However, the planned expansion remained subject to regulatory approvals.
Source: The Coin Republic
