HYPE (Hyperliquid) rose 11.59% in 24 hours according to Gate News Bot on October 13th. As of the time of publication, HYPE (Hyperliquid) is currently priced at $42.15, up 11.59% in the last 24 hours, with a high of $49.49 and a low of $26.26, and a trading volume reaching $767 million. The current market capitalization is approximately $14.192 billion, an increase of $1.474 billion compared to yesterday. Recent important news regarding HYPE: 1️⃣ Market sentiment is cautious, with some altcoins experiencing increased volume. Over the past 24 hours, the cryptocurrency market has shown overall recovery, with significant volume expansion. The amount of liquidated short positions on the Hyperliquid platform reached $62.5 million. The combined trading volume of the three major cryptocurrencies, BTC, ETH, and SOL, reached $8.666 billion. Notably, the sentiment in the futures market remains relatively cautious, with some altcoins like SOL, DOGE, BNB, and ASTER experiencing price increases, but funding rates still maintaining negative values. 2️⃣ HYPE tokens face potential selling pressure. Recent market fluctuations have led to some users encountering liquidations, and the HYPE tokens staked by these users may be unstaked to recover funds. This trend may create some selling pressure in the HYPE market, and investors should closely monitor subsequent market trends. 3️⃣ Whales' accumulation plans. On-chain data shows that a whale address plans to accumulate 122,000 HYPE tokens, valued at approximately $4.83 million. This address has deposited 8 million USDC into Hyperliquid and set a TWAP buy order. Currently, this address holds HYPE worth $5.5 million, which may provide some support for HYPE prices. HYPE prices have rebounded significantly in the past 24 hours, rising from a low of $26.26 to $42.15. However, market sentiment remains cautious, and some users may face unstaking pressure. Meanwhile, the whales' accumulation plans could inject positive factors into the market. Investors should continue to monitor market dynamics and weigh potential risks and opportunities. This information should not be considered as investment advice, and investors should be aware of market volatility risks. #Gate保险箱上线