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The Hyperliquid price plunged 6% in the last 24 hours to trade at $39.1 as of 1:23 a.m. EST, with trading volume dropping 9% to $230 million.
This drop in the HYPE price comes as Phantom, a prominent digital asset wallet provider, announced Tuesday the launch of perpetual futures trading powered by Hyperliquid.
It will offer users access to over 100 crypto markets directly within their wallet interface.
Introducing: Phantom Perps 👻 ♾️
Go long or short in just a few taps.
100+ markets. Up to 40x leverage. All in your pocket.
Powered by @HyperliquidX pic.twitter.com/YDKjUGBdEn
— Phantom (@phantom) July 8, 2025
It delivers a mobile-first experience that seamlessly extends Phantom’s core interface, offering up to 40x leverage, stop-loss and take-profit features, along with real-time alerts.
Hyperliquid Price Eyes Fresh Highs Amid Solid Support
The HYPE price has been trading within a sustained rising channel on the 1-day timeframe, which is a sign of a bullish rally.
Despite a brief consolidation phase, the Hyperliquid price has recently found solid footing above the 0.382 Fibonacci level ($32.24), with the current price at $39.10.
This positioning suggests continued bullish strength, particularly as HYPE consistently holds above the 50-day Simple Moving Average (SMA), which sits at $37.10, acting as dynamic support during the latest pullback.
HYPE’s price sits well above the 200-day SMA, cementing the bullish outlook. Meanwhile, the Relative Strength Index (RSI) hovers around 54, indicating mild bullish momentum without overbought conditions, leaving room for further upside.
Given the current setup, Hyperliquid appears poised to target the recent swing high near $45.70, a potential 16.4% gain from current levels.
Conversely, if the Hyperliquid price is pressured by bears, the 0.382 Fibonacci level at $32.2 might offer support.
Meanwhile, investors are piling into a new meme coin called TOKEN6900 (T6900), which, according to 99Bitcoins, a popular YouTube channel with over 723k subscribers, could be the next SPX6900.
TOKEN6900 Presale Racing Towards The $300K Milestone – Buy And Stake For 183% APY
Within about a week of its presale going live, TOKEN6900 has garnered over $263,000 in early funding as it rushes towards the $300,000 milestone.
The project is a new anti-S&P 500 market top, a pure crystallized collective meme-fueled delusion. Unlike other meme coins, the T6900 presale embodies fairness and sustainability from the outset.
TOKEN6900 is brain rot personified. Inspired by 2000s nostalgia and ’69 energy, it makes it clear that it has no utility.
It doesn’t track GDP, oil reserves, or corporate earnings. Instead, it tracks what it calls “vibe liquidity.” It’s not built on fundamentals, but rather on delusion, irony, and the collective hallucination of terminally online traders.
690069006900. uh oh pic.twitter.com/BOJH8K9VPU
— Token6900 (@Token_6900) July 5, 2025
It has a hard cap of $5 million and a massive 80% of the total token supply available for its presale.
T6900 is set to launch with a $6 million market capitalization, positioning it perfectly to enter the market upon release.
The token is built on the Ethereum blockchain and is designed to turn collective brain rot into a tradable ticker.
Priced at $0.0065, you can buy T6900 tokens with ETH, BNB, USDT, USDC, or a bank card. The end price is $0.007125, so there’s no time to lose before the price starts to rise and the hard cap is reached.
For passive income, investors can also buy and stake T6900 tokens for a 183% annual percentage yield (APY). Over 25 million tokens have already been staked.
Investors looking to secure the best presale deal will want to buy before the next ICO price hike in around 24 hours.
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