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Hyperliquid Listed on Upbit and Bithumb. Why Is HYPE Still Down 14% in a Week?

Hyperliquid Listed on Upbit and Bithumb. Why Is HYPE Still Down 14% in a Week?

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South Korea’s two largest cryptocurrency exchanges, Upbit and Bithumb, began trading Hyperliquid (CRYPTO:HYPE) in won on November 10, 2026. However, HYPE continues to decline and trades at $74, down 3.2% in the last 24 hours and 13.1% over the past week, leaving it 24.5% below its all-time high of $98 from September 23.

Hyperliquid is a decentralized exchange for perpetual futures, contracts that track a coin’s price with no expiration date, and HYPE is the exchange’s token. HYPE has traded below every daily close since October 25. Its 30-day loss has reached 14.7%, with the sharpest…

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