Hyperliquid’s HYPE token hits a seven-month low, dropping over 4% to $29.24, triggering $11 million in liquidations. Its dominance in the perpetuals market has crumbled from nearly 70% to less than 20%. Rivals like Aster and Lighter are gaining ground, while internal token movements have shaken investor confidence, leading to a 30% loss in value. Crypto traders are bearish, forecasting a drop to $10.

Read more at Yahoo Finance: Hyperliquid Token Hits 7-Month Low as Market Share Collapses