HYPE bucked the trend and rose, maintaining stable prices during the market crash.
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According to ME News, on February 6th (UTC+8), Coinglass data showed that in the past 4 hours, only $8.4306 million worth of HYPE tokens were liquidated across the entire network, while long positions saw $5.4633 million liquidated. During this market crash, the HYPE token price performed strongly. While Bitcoin plummeted from $79,000 to $60,000, a 24% drop in 3 days, HYPE bucked the trend, rising 5% during the same period. Its price chart showed a pattern of "smaller declines and faster rebounds." (Source: ME)
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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