Hyperliquid (HYPE) Explodes by 20% in a Day but Red Flags Appear

Hyperliquid’s native token has stolen the show from the larger-cap alts, rocketing by over 20% at one point to its highest price level since last October at $47. On this impressive way up, the token added roughly $2 billion to its market capitalization and neared the top 10 alts by that metric. Coinbase appears to be the most likely candidate for the biggest contributors to this surge after announcing that it h…