Crypto is struggling to maintain its head above water with President Trump’s 104% tariffs on Chinese language items as Hyperliquid (HYPE) stands inexperienced amongst a sea of pink.
After Vice-President JD Vance referred to as Chinese language employees ‘peasants’ and Trump’s heightened tariffs for its far-east nemesis, HYPE is the one high 30 digital asset at the moment within the inexperienced.
$HYPE is the strongest token amongst all L1s and has risen by 17% over the previous 3 days pic.twitter.com/kPZcFltorK
— elonmoney.hl (@0xelonmoney) April 9, 2025
Hyperliquid (HYPE) Is Displaying Energy At A Time When Bitcoin And Shares Are In The Gutter
The Asian markets are slumping as soon as once more in right now’s (April 9) early buying and selling classes as Trump’s full roster of reciprocal tariffs on China takes impact.
As a outcome, the crypto markets have predictably adopted, with Bitcoin (BTC) down one other 2.5% on the day to $77,200, and Ethereum (ETH) down 5.7% to $1477 up to now 24 hours additionally.
Any crypto chart proper now paints the same image, aside from Hyperliquid (HYPE). It is at the moment buying and selling for round $12.5 and has been up over 5% up to now 24 hours.
Hyperliquid is a decentralized change (DEX), uniquely constructed by itself Layer-1 blockchain. It has surged in reputation as a buying and selling platform as a result of low charges for merchants, quick transactions, and its speedy addition of tokens accessible to commerce on perpetual derivatives.
One of many key elements to the success of HYPE since its launch in November 2024 is the workforce’s sturdy want to maintain its token out of the clutches of Binance. The world’s largest centralized change has change into synonymous with being the place the place new, hyped tokens go to die.
A listing of 27 tokens listed by Binance in 2025 exhibits that solely three are at the moment within the inexperienced from the day they have been listed on the change. The remaining 24 are all down, starting from -16.73% for Berachain (BERA) to -90.95% for Bio Protocol (BIO).
As of proper now, the biggest CEX that has HYPE listed is KuCoin, which has processed a $27 m buying and selling quantity for HYPE up to now 24 hours. As compared, of the $197 million mixed buying and selling quantity for HYPE over the previous 24 hours, $125 million of it’s from its personal Hyperliquid platform.
Impressively, the HYPE/USD perpetual futures pair on Hyperliquid has processed over $180 million in quantity, highlighting an elevated urge for food for the token when quantity throughout different main caps is drying up.
Binance Pump&Dump it is personal listings
3/27 listings had a constructive return, different rugged
Should you put $100 on every token, you’d have ~$1,500
Here is how Binance scams you and what are you able to do
pic.twitter.com/frhHVRgurB
— Leviathan (@TechLeviathan) April 2, 2025
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Might HYPE Proceed To Outperform The Market: $20 Subsequent?
With the power proven by HYPE in these attempting instances, many are calling for $20 as quickly as quantity begins to circulation closely into the native token of the Hyperliquid platform.
It has bounced completely from the purple help field pictured beneath, and after hitting $12.53, the following step is to take out its March excessive of $17.23.
If the inventory markets and the broader crypto house can keep comparatively steady from right here, following President Trump’s ongoing tariff wars with China, HYPE might make a run for $20.
HYPE has been in a downward development since March 3, when it started its descent from $20.3 and briefly went beneath $10 on April 7. That date will in all probability eternally be referred to as the modern-day Bloody Monday after $200 trillion was worn out of the inventory markets as a result of fallout of Trump’s tariff announcement.
Nonetheless, one solely has to take a look at the power of BNB in the course of the 2019 bear market to search out hope that HYPE might probably keep inexperienced if the remainder of the market stays pink for a protracted time frame.
Whereas Bitcoin dropped from $11,000 to $3200 in the course of the first half of 2019, BNB impressively elevated from $8 to over $30 by June of the identical yr.
With Hyperliquid appearing as an insulated product whereby the HYPE token isn’t on the mercy of the most important exchanges, there is no such thing as a purpose why it couldn’t outperform the market because the spine of the Hyperliquid ecosystem.
(TRADINGVIEW)
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Hyperliquid (HYPE) is the one main cryptocurrency within the inexperienced
- As the complete impact of President Trump’s tariff wars takes its toll on TradFi markets and crypto alike, HYPE is up over 5% on the day
- HYPE has processed over $197m in buying and selling quantity, with over 75% coming straight by way of its Hyperliquid DEX
- The HYPE token advantages from not being listed on main exchanges reminiscent of Binance, that are identified to trigger large sell-0ffs for newly listed tokens
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