The Hyperliquid token (HYPE) experienced a decline of nearly 6% over the last 24 hours, despite the recent launch of HyperEVM, an update aimed at expanding the decentralized finance (DeFi) capabilities of the platform. This price drop occurs in a context where a positive market reaction to this significant innovation was expected.

Crypto: Hyperliquid (HYPE) Drops 6% Despite the Launch of HyperEVM

HyperEVM, which integrates compatibility with the Ethereum Virtual Machine (EVM), was designed to bring general programmability to the Hyperliquid ecosystem while maintaining the…