Hyperliquid Defies Market Rout After Ripple Tie-up, Despite Waning Sentiment

In brief

• Hyperliquid is up over 40% over the past fortnight after its monthly token unlock was slashed to 140,000 HYPE, drastically reducing sell-side pressure.
• Ripple added the DEX to its institutional prime brokerage platform, marking its first direct DeFi integration.
• Despite the rally, prediction market odds of Hyperliquid hitting $41 have fallen 10 points since last Friday.