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International Business Times
International Business Times
Business

HISTORICAL FACTS: Hype was cryptos best altcoin now its dying - Caught on Camera

Helsinki, Finland, August 4th, 2025, Chainwire (Credit: Chainwire)

Hyperliquid's HYPE token trades around $55 on August 7, up roughly 5% on the day but a long way below the $76.81 all-time high it printed back in June.

The uncomfortable truth underneath that slide is simple: the rally that made HYPE one of crypto's standout performers was never built on earnings. It was built on one buyer.

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