- On April 20, Hyperliquid (HYPE) price fell by around 5% during intraday trading, sparking fear in the community.
- The drop comes amid heavy liquidation in the crypto market following the Kelp DAO hack, in which hackers siphoned off $290 million.
- Despite the drop in the HYPE tokens, the crypto market is showing resilience as Bitcoin (BTC) still holds a position above $76,000.
On April 20, the Hyperliquid (HYPE) price suffered a drop of around 5.5% on a daily chart following turmoil in the decentralized finance sector due to the Kelp DAO hack.
At the time of writing this, Hyperliquid is currently trading at around $40.87 with a market capitalization of $10.44 billion. Its daily trading volume has jumped by around 107% and currently revolves around $389.02 million, according to CoinMarketCap.
DeFi Sector Takes a Major Hit After KelpDAO Hack
Once again, the decentralized finance sector is facing turmoil over the weekend, wh...
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