crypto

HYPE Price Falls Below $55 as Hyperliquid Activates HIP-4 on Testnet

Source: Crypto.news
Hyperliquid logo with a chart showing a price decline

HYPE price fell below $55 after Hyperliquid activated permissionless HIP-4 deployments on testnet, with broader crypto market weakness also noted.

The HYPE price has fallen below the $55 mark following Hyperliquid's activation of permissionless HIP-4 deployments on its testnet, according to Crypto.news. The report indicates that whale transfers and a broader weakness across the crypto market news also contributed to the token's decline.

Hyperliquid's move to open HIP-4 deployments on its testnet represents the initial implementation of permissionless deployments for the platform. This technical development coincides with the observed price movement for the HYPE token.

Read original source