HYPE fell below $55 after Hyperliquid activated permissionless HIP-4 deployments on testnet, with whale transfers and broader crypto market weakness weighing on the token.
Summary
- HIP-4 permissionless deployments are now live on testnet, allowing developers to create prediction markets.
- HYPE declined almost 2% to around $54.70, losing the psychological $55 support level.
- HIP-4 markets hold roughly $182,000 in open interest and $881,000 in notional trading volume.
- A whale moved previously unstaked HYPE to FalconX and Coinbase Prime, according to Lookonchain.
Hyperliquid opens HIP-4 deployments on testnet
Hyperliquid has released the first implementation of…
