HYPE Token Drops 4.5% Following Binance Spot Listing

Key Facts

1Hyperliquid (HYPE) price dropped 4.5% shortly after being listed for spot trading on Binance.

2Large holders moved massive token blocks following the price reaching an all-time high.

Hyperliquid (HYPE) price dropped 4.5% shortly after being listed for spot trading on Binance on September 24, 2026. According to 247wallst.com, large holders moved massive token blocks following the price reaching an all-time high, creating selling pressure as early investors utilized the new exchange liquidity to exit positions.

The decline followed the token peaking at $98 on September 23, 2026, the day before Binance opened trading. Market activity showed significant institutional movement, with Hyperliquid Strategies purchasing 494,200 HYPE tokens for $45.8 million over a 16-hour period on September 25, 2026, supporting a partial price recovery to the $94 level.