Altcoin Hyperquid has recently dropped by more than 6% in the last 24 hours. It is the poorest performer of the 100 major cryptocurrencies by trading volumes in Thursday’s trading.
According to the Crypto Data Provider, the hype was below $36 at one point, the lowest level in 10 days, and the all-time high of $45.59 set just three days ago. Co Ringecko. The tokens for high lipid dispersion exchange remained higher than 40% over the last 30 days, resulting in at least partially Dominant position With permanent futures trading volume.
Permanent futures support an extraordinarily large amount of leverage. Token debuted December 2024.
The decline in hype came on a good day for deals as the US celebrated its national holiday in June. Most major altcoins have XRP and Solana recently been in negative territory or flat, and have recently lost some percentage of points. The overall crypto market market market capitalization fell 2.5%.
Rajiv Sawhney, head of International Portfolio Management, is head of Crypto Asset Management company Wave Digital Assets International, and believes he has hyped an unexpected hideaway by investors loaded into tokens following recent massive purchases by Eyenovia and Lion Group.
Eyenovia, a US-based ophthalmology technology company registered with NASDAQ; raised $50 million The private equity agreement also recently announced Lion Group Holdings, a Singapore-based trading platform, to purchase more than 1 million high-lipid tokens earlier this week. He secured a $600 million credit line. To build a cryptographic protected area containing high lipids.
“This phenomenon has been happening quite regularly recently, with companies launching crypto purchasing programs and the market will soon buy pops and sell following the announcement,” Sawhhney said. Decryption.
Analysts highlight traditional trading trends, among other factors. “Given the hype has reached an all-time high, it’s not surprising that Tokens have witnessed some return as they have been recently downplayed by volume and direction.”
CEX.IO lead analyst Illia Otychenko noted that the “purchase and burn mechanism” declined by 50% since mid-May and the 50% decline in trading volumes and the decline in the “purchase and burn mechanism” that is the cause of its decline.
“The platform’s purchasing mechanism, where hype is automatically purchased every time users pay a transaction fee, has been a key driver for recent gatherings,” he says, “As platform activity slows down, the mechanisms that support this price weaken, eliminating the main source of upward pressure.”
Edited by James Rubin
