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Hyperliquid's $HYPE has recently shown more resilience than the broader market, with its price hovering around $81 and a slight increase in the last 24 hours. As the native token of a perpetual contract DEX, its trading volume and fee revenue are directly linked, so it actually has some support when market volatility increases.
Of course, it is not completely immune. If $BTC continues to decline, HYPE will eventually be dragged down as well.
