Hyperliquid Correction Deepens as Large Holders Increase Selling Pressure

Hyperliquid is undergoing a market correction following its September highs, with significant selling pressure from large holders. On September 28, two whale addresses moved approximately $22 million worth of HYPE to exchanges, including OKX and Bybit. Despite this, the protocol's Assistance Fund continues to provide support through daily purchases of HYPE, ranging from $1.4 million to $3.6 million. The asset recently expanded its liquidity with spot listings on Binance for HYPE/USDT, HYPE/USDC, and HYPE/TRY pairs.