HYPE, the native token of the blockchain protocol Hyperliquid, has shown bullish behavior in the last 24 hours, defying the broader market downturn where investors witnessed a massive $2.25 billion liquidation, as reported by Coinglass, a blockchain analysis platform.
Despite Bitcoin's temporary crash to $91,000, it has since rebounded to $95,000. The resilience of HYPE amidst such volatile market conditions piques interest and suggests robust underlying fundamentals.