HYPE Token Drops 9.40% Amidst High Trading Volume and Net Outflows

2026-05-16 18:40

HYPE token experienced a 9.40% decline in value over the past 24 hours, despite maintaining its position as the most popular cryptocurrency. The token's price fell to $41.06, with a significant net outflow of $109 million, indicating moderate selling pressure from major funds. The total trading volume for HYPE reached $3.426 billion, with major funds contributing to a net outflow of $28.579 million. Despite the price drop, HYPE remains at the top of the popularity rankings, followed by LAB, BILL, XAUT, and ETH, which saw varied price movements.

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