Hyperliquid's HYPE Token Shows Resilience as Crypto Market Crash Deepens

• Hyperliquid’s HYPE token has lost roughly a quarter of its value since its peak.
• Yet amid the latest crypto market crash, it is holding up better than Bitcoin and Ethereum.
• Its derivatives market offers one possible explanation.

BTCBTC65 228 $−5,33%ETHETH1 821 $−6,04%HYPHYPE64,84 $−9,86%SOSSOSO0,2805 $−3,86%