HYPE Rebounds After Market Tumble, Driven by Whales and Optimism

The crypto market experienced a notable downturn today due to geopolitical tensions between Israel and Iran. HYPE, a token from Hyperliquid’s ecosystem, saw an intraday drop as the broader market witnessed sell-offs. However, the token is now showing signs of recovery, rebounding after hitting a temporary low. 7% gains since then have brought the price back up to $39.63 at press time.