Hyperliquid Price Slides as Weekly Revenue Hits $7M

Hyperliquid is feeling the heat as its latest weekly revenue numbers dropped to $7 million. This marks a three times decrease compared to previous periods. The decline has investors worried because it directly impacts the speed of the platform buybacks.

Technically the situation looks shaky. The asset recently lost its key trendline on the charts, which often serves as a signal for traders to exit positions. When a major support level fails, it usually invites more selling pressure as stop losses get triggered.

Market participants are now keeping a close watch on whether the revenue drop is a temporary blip or a sign of slowing user activity. If the platform cannot regain momentum, the selling trend might continue in the short term. Traders are waiting to see if buyers step in to defend lower price levels.