Hyperliquid (HYPE) Slips Out Of Top 10 After 6.5% Crash: Why?
The Hyperliquid exchange’s native token, HYPE, is having one of its best years ever. The asset has hit multiple all-time highs in 2026 and even entered the top 10 cryptocurrencies by market cap. However, HYPE has faced a steep 6.5% correction in the last week, according to CoinGecko data. Consequently, the asset has fallen out of the top 10 projects. Let’s discuss why Hyperliquid (HYPE) is down today and if it can rebound soon. Source: CoinGecko Why Is Hyperliquid Down Today? Source: InvestX While HYPE may be facing a correction right now, the asset has still maintained substantial gains in the 14-day, monthly, and yearly charts. HYPE climbed to an all-time high of $97.96 just six days ago, on September 23, 2026. The latest price dip could be due to investors booking profits after HYPE hit a new peak. Another reason why Hyperliquid (HYPE) is down today is the general market dip. Bitcoin (BTC) has fallen to the $83,000 level after its recent rally to the $87,000 mark. Investo...