The HYPE token from Hyperliquid settled around $88.45 on October 1, marking a 2.74% decline during the trading session. This positioned the asset approximately 9.6% beneath its recent $97.88 high water mark.
The latest burn brings the cumulative total to 49.09 million HYPE, about 4.91% of the token's maximum supply.
Hyperliquid's advancements in execution speed and order book depth could challenge centralized exchanges, potentially reshaping market dynamics. Hyperliquid narrows the execution gap with centralized exchanges.
Hyperliquid Policy Council submitted its first regulatory response outside the U.S. to the European Commission's consultation on the MiCA review. HPC proposes classifying perpetual futures under MiFID II based on their economic characteristics, regardless of whether they are executed on a public blockchain.
Hyperliquid's HYPE traded near $88.45 on Oct. 1, down 2.74% on the daily chart, as Hyperliquid Policy Center pressed European regulators to classify perpetual futures under existing derivatives rules. The token remained below its recent $97.
Hyperliquid (HYPE) is targeting an advance toward $115 following a strong technical bounce off its 4-hour 200-period exponential moving average (EMA), supported by a cooler-than-expected U.S. Core PCE inflation print.
Integrating on-chain perps into MiFID II could streamline regulation, fostering innovation while ensuring market stability and investor protection. Hyperliquid Policy Committee urges EU to fold on-chain perps into MiFID II.
Short positions totaled $4.91 billion versus $4.32 billion in longs, while whale shorts showed $588 million in losses compared with $535 million in long profits.
The NEAR market's volatility highlights the risks of leveraged trading, as significant losses for shorts and gains for longs underscore market unpredictability. Most top NEAR traders on Hyperliquid hold short positions as the rally squeezes bears.
HYPE was up 3.86% over 24 hours as long and short liquidations each reached $10,000 in the latest hour tracked.
Jeff Yan took part in a Q&A session during the Korea Blockchain Week 2026 conference. Traditional venues have begun extending their trading hours toward round-the-clock formats. The Hyperliquid platform logged price quotes for commodities, equities, and pre-IPO assets while traditional markets remained closed.
Hyperliquid is scheduled to unlock 9.92 million HYPE tokens worth about $856 million on October 6. The release represents roughly 1% of HYPE's total supply and is allocated to core contributors. Despite the large supply event, Hyperliquid continues to benefit from strong trading activity, token burns, and growing interest in its decentralized derivatives ecosystem.