Hyperliquid Defies Market Rout After Ripple Tie-up, Despite Waning Sentiment

💡 DMK Insight

Hyperliquid’s 42% surge in two weeks is no coincidence—it’s driven by strategic token unlocks and Ripple’s involvement. The 88% cut in monthly token unlocks is a significant factor, as it reduces selling pressure and can create a supply-demand imbalance favoring price increases. Traders should note that this kind of unlock strategy often leads to short-term price spikes, but the sustainability of such gains hinges on continued demand and market sentiment. With Ripple’s association, there’s potential for increased visibility and credibility, which could attract institutional interest. However, it’s crucial to watch for profit-taking as the price rises, which could lead to volatility. On the flip side, if the market sentiment shifts or if broader crypto market conditions weaken, Hyperliquid could face a sharp correction. Keep an eye on key resistance levels and monitor trading volumes for signs of strength or weakness. For now, the immediate watchpoint is how the market reacts to this news in the coming days, especially around any announcements from Ripple that could further influence sentiment.