**Hyperliquid Token Plunges 60% from Peak š**
With a current trading price near $24, Hyperliquid has suffered a significant decline of over 60% from its all-time high of approximately $59.
**Market Volatility**
Trading volume surged to $550 million in the last 24 hours. This increased activity reflects market sentiment and player engagement in the HYPE ecosystem.
**Token's Performance**
The token's market capitalization remains around $6.6 billion, solidifying its position as the 25th-largest cryptocurrency by market value.
**Price Channel Breakdown**
Hyperliquid has fallen below the lower boundary of its descending price channel, losing crucial support and indicating potential further decline.
