When is HYPE treasury vote?
The shareholder vote for the Hyperliquid (HYPE) treasury is now scheduled for December 2, 2025 (UTC), following a recent delay. This vote is part of a plan to create a large digital asset treasury focused on HYPE. For more details, visit Hyperliquid on CoinMarketCap.
- The vote was postponed by two weeks and rescheduled to December 2, 2025, according to a news report.
- The deal involves an $888 million digital asset treasury and aims to raise up to $1 billion. To pass, the vote requires approval from more than 50% of outstanding shares, as noted in the report.
Deep Dive
1. Timing and Delay
The vote to create the Hyperliquid digital asset treasury (DAT) was delayed by two weeks and is now set for December 2, 2025 (UTC). The delay happened because more votes were needed, even though the votes counted so far show strong support.
What this means: If you’re following decisions about HYPE or potential treasury actions, the key date to watch is now early December 2025.
2. What the Vote Covers
This vote is part of a merger plan to form “Hyperliquid Strategies,” a digital asset treasury focused on holding HYPE. The treasury is valued at $888 million and aims to raise up to $1 billion. The merger involves Nasdaq-listed Sonnet BioTherapeutics combining with Rorschach I LLC, including existing HYPE tokens and about $305 million in cash.
What this means: If the vote passes, it would create a large fund dedicated to HYPE. This could affect how many tokens are available, how easily they can be traded, and how decisions are made within the HYPE community.
Conclusion
The Hyperliquid (HYPE) treasury vote is now set for December 2, 2025 (UTC) after a short delay. If approved, this could lead to the creation of a significant digital asset treasury focused on HYPE, potentially impacting token supply, liquidity, and governance within the ecosystem.
What could affect the price of HYPE?
The price outlook for Hyperliquid (HYPE) is cautiously optimistic, balancing promising growth factors with potential market risks.
- HIP-3 Growth Mode: Cutting fees by up to 90% for new markets could increase trading activity and boost token buybacks.
- Regulatory Support: Engagement with the Commodity Futures Trading Commission (CFTC) may help legitimize decentralized finance (DeFi) perpetual contracts, attracting more institutional investors.
- Tokenomics & Whale Activity: Daily buybacks and large investors purchasing over $18 million in HYPE tighten the token’s supply, supporting price stability.
Deep Dive
1. HIP-3 Fee Reduction (Positive Impact)
Overview: Hyperliquid’s new "growth mode" significantly lowers taker fees to between 0.00144% and 0.00288%, down from 0.045%, for new perpetual markets launched through HIP-3. This more than 90% discount applies to specific assets like stocks and commodities and includes a 30-day lock-in period to prevent misuse. The goal is to attract liquidity to niche markets and compete with traditional centralized exchanges.
Read more at The Defiant
What this means: Lower fees can encourage more trading volume, which directly increases Hyperliquid’s revenue since 97% of fees go toward buying back HYPE tokens. Historically, every $1 billion in daily trading volume has generated about $2.7 million in daily buybacks, which helps push the price upward.
2. Regulatory Engagement (Positive Impact)
Overview: Hyperliquid Labs has submitted detailed proposals to the CFTC to help shape regulations for DeFi perpetual derivatives. This move aligns with public support from VanEck (“We are bullish Hyperliquid”) and a $600 million treasury investment in HYPE by Lion Group.
Read more at CoinGape
What this means: Clearer regulations could reduce hesitation among institutional investors. If the CFTC approves, it could lead to inflows similar to those seen with spot Bitcoin ETFs. For example, if institutions allocate just 1% of their portfolios to HYPE, that could mean over $1.2 billion in new demand—about 0.1% of the circulating supply.
3. Whale Accumulation & Buybacks (Positive Impact)
Overview: Large investors (“whales”) bought more than $18 million worth of HYPE in June 2025 alone. Meanwhile, the protocol’s buybacks remove roughly 0.7% of the monthly token supply. Hyperliquid’s tokenomics allocate 97% of fees to buybacks and staking, with 39% of the total supply reserved for future community rewards.
See Token Metrics analysis
What this means: Ongoing buybacks (for example, $31 million in July 2025) combined with whale accumulation reduce selling pressure. At current trading volumes, buybacks could offset more than half of the monthly inflation caused by token unlocks by 2026.
Conclusion
The medium-term outlook for HYPE depends on how widely HIP-3 is adopted to increase buybacks, progress in regulatory clarity to bring in institutional capital, and continued confidence from large holders to stabilize the market. Keep an eye on CFTC updates and HIP-3 trading volumes—will the fee cuts drive the $50 billion per month in volume needed to sustain prices above $40?
What are people saying about HYPE?
HYPE's social buzz is swinging between excitement over a breakout and concerns about too many traders piling in. Here’s the latest:
- Technical analysis points to a breakout target above $60 as the trend turns bullish
- A new all-time high (ATH) and a partnership with Paxos could open access to over 400 million PayPal users
- Warnings about crowded trades suggest a possible market top forming
- Tokenomics support long-term value but face risks from upcoming token unlocks
Deep Dive
1. @cryptonary: Breakout Confirmed Bullish
"HYPE is holding above $45.80 and just broke through strong resistance at $49. Buyers are defending support between $52 and $53, with targets set between $60 and $70. The RSI indicator confirms this upward move."
– @cryptonary (93,451 followers · September 13, 2025, 9:06 PM UTC)
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What this means: This is a positive sign for HYPE. When a price breaks through resistance with strong momentum (as shown by RSI), it often leads to a sustained rally with clear price targets.
2. @rayray1: PayPal Access Bullish
"$HYPE hit a new ATH at $57! With Paxos stablecoin integration, over 400 million PayPal and Venmo users can now buy HYPE. The project also offers buybacks at an 8.4% annual rate."
– @rayray1 (33,194 followers · September 12, 2025, 8:36 AM UTC)
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What this means: This is good news for HYPE. Making the token available to a huge user base through PayPal could greatly increase demand. Plus, regular buybacks help reduce the number of tokens in circulation, supporting the price.
3. @DU09BTC: Crowded Trade Bearish
"The $HYPE trade feels overcrowded — when everyone jumps in, it often signals a market top. I was an early investor before the token generation event (TGE)."
– @DU09BTC (71,017 followers · September 13, 2025, 4:44 PM UTC)
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What this means: This is a warning sign for HYPE. When too many traders rush in, it can indicate that the price is near a peak, increasing the chance of a short-term pullback.
4. @MrMinNin: Tokenomics Strengths & Risks Neutral
"There’s a 97% fee used for buybacks and a 55% annual staking yield, but team tokens (23.8%) unlocking through 2027 could add selling pressure."
– @MrMinNin (3,414 followers · October 22, 2025, 5:55 PM UTC)
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What this means: This is a mixed signal for HYPE. The strong buyback mechanism and high staking rewards support the token’s value, but upcoming token unlocks for the team could increase supply and weigh on the price.
Conclusion
Overall, the outlook for HYPE is cautiously optimistic. Technical momentum and the PayPal partnership are driving positive sentiment, but concerns about valuation and crowded trades suggest some risks ahead. Keep an eye on the large 237.8 million token unlock in November to see how it affects supply compared to ongoing buybacks.
What is the latest news about HYPE?
Hyperliquid is making bold moves with big fee cuts, some notable losses, and technical challenges as its token HYPE faces a rocky market. Here’s what’s happening:
- Growth Mode Slashes Fees (Nov 19, 2025) – Hyperliquid cuts fees by 90% on new markets to encourage more trading.
- Andrew Tate Loses $727K (Nov 19, 2025) – The well-known trader lost a large sum on Hyperliquid during a Bitcoin price drop.
- HYPE Faces Price Pressure (Nov 19, 2025) – The token struggles to hold key price levels, risking further declines.
In-Depth Look
1. Growth Mode Slashes Fees (Nov 19, 2025)
Hyperliquid introduced a new "growth mode" for its HIP-3 system, lowering trading fees dramatically—from about 0.045% down to as low as 0.00144% for new perpetual markets. At the same time, rebates paid to traders are cut by 90%. To launch these new markets, creators must stake 500,000 HYPE tokens and design unique assets. Validators keep an eye out to prevent misuse.
Why it matters: Lower fees could attract more traders to these new markets, boosting trading volume and revenue for Hyperliquid. But success depends on enough market creators stepping up and making these markets different enough to avoid just shifting existing trading elsewhere. (The Defiant)
2. Andrew Tate Loses $727K (Nov 19, 2025)
Famous trader Andrew Tate lost his entire $727,000 balance on Hyperliquid when Bitcoin’s price fell below $90,000. Data shows he repeatedly opened long positions between $93,000 and $95,000, which were liquidated as prices dropped. Notably, he never withdrew funds before the loss.
Why it matters: This event shows Hyperliquid’s platform is actively used and operates without holding users’ funds (non-custodial). However, it also highlights the risks of trading with leverage during volatile markets. The publicity might bring more attention to Hyperliquid but could also scare off cautious traders. (Yahoo Finance)
3. HYPE Faces Price Pressure (Nov 19, 2025)
The HYPE token recently dropped below its 50-day simple moving average (SMA) price of $41.51, a key technical support level. If it falls below the next support at $35.50, it could slide further toward $28. The token is down 4% during the day, reflecting broader weakness in the crypto market and outflows from exchange-traded funds (ETFs).
Why it matters: This is a bearish sign in the short term, as breaking important support levels often leads to more selling. However, if HYPE can climb back above $41.51, it might target a price range between $44 and $52. Watching the $35 to $38 price zone will be important for understanding where the token heads next. (Cointelegraph)
Conclusion
Hyperliquid’s steep fee cuts aim to grow its share of the perpetual futures market, while high-profile losses like Andrew Tate’s highlight real user activity and risks. At the same time, HYPE’s price struggles reflect uncertainty in the wider crypto market. The big question is whether growth mode will bring new, lasting trading volume or just shift existing activity around.
What updates are there in the HYPE code base?
Hyperliquid's newest software update now allows anyone to create perpetual futures markets without needing approval from the core team.
- Permissionless Perps via HIP-3 (October 13, 2025) – Qualified users can launch perpetual futures markets freely by staking Hyperliquid’s native token, HYPE.
Deep Dive
1. Permissionless Perps via HIP-3 (October 13, 2025)
Overview: With HIP-3, any qualified user can create perpetual futures markets on Hyperliquid by staking 500,000 HYPE tokens. This removes the previous requirement for approval from the Hyperliquid team, handing control over market creation to the community.
This upgrade works with HyperEVM, Hyperliquid’s smart contract system, and includes safety features like penalties for validators who misbehave and limits on how much open interest a market can have. Market creators can set leverage options, manage risk settings, and choose price data sources. They also earn up to 50% of the trading fees generated by their markets.
What this means: This is a positive development for Hyperliquid because it decentralizes how new markets are created. It could speed up the launch of new trading pairs and help the platform grow. Traders will have access to specialized markets, such as altcoin indexes or unique derivatives. However, market creators take on the responsibility of managing risks associated with their markets.
(Source)
Conclusion
HIP-3 turns Hyperliquid into a permissionless derivatives platform, supporting its goal of building a community-driven financial ecosystem. This change could lead to faster innovation and the creation of new markets beyond just cryptocurrencies.
What is expected in the development of HYPE?
Hyperliquid’s roadmap is focused on growing its ecosystem and improving trading features.
- Growth Mode Activation (Nov 19, 2025) – Lower fees for new markets to encourage more trading activity.
- HyperEVM Expansion (Q4 2025) – Launch of decentralized finance (DeFi) apps and NFT features.
- Public Listing (Q4 2025) – $1 billion SPAC merger to support company growth and list on Nasdaq.
Deep Dive
1. Growth Mode Activation (Nov 19, 2025)
Overview: Starting November 19, 2025, Hyperliquid introduced an upgrade called HIP-3 that cuts taker fees by 90% (down to 0.0045%-0.009%) for permissionless perpetual markets. This makes it cheaper to trade new assets, encouraging more market creation. Market creators can set fee levels between 0 and 1, following rules to avoid overlapping with validator-run markets. The Defiant
What this means: This is positive for Hyperliquid (HYPE) because more markets could lead to higher trading volume and fees overall. However, the lower fees might reduce profit margins if competition becomes too intense.
2. HyperEVM Expansion (Q4 2025)
Overview: Hyperliquid is developing an Ethereum-compatible platform called HyperEVM, expected to launch in late 2025. This will support DeFi applications and NFT projects like Hypurr. Collaborations with companies like Gelato and Stargate will improve cross-chain connections and smart contract capabilities. Blockworks
What this means: This expansion could boost HYPE’s usefulness and attract more users, which is a positive sign. Still, technical challenges might delay the rollout.
3. Public Listing (Q4 2025)
Overview: Hyperliquid Strategies plans a $1 billion SPAC merger with Sonnet BioTherapeutics and Rorschach I LLC by the end of 2025. The funds raised will be used to buy back HYPE tokens and grow the company, with the goal of listing on Nasdaq. Cryptopotato
What this means: This move could bring in institutional investors and increase liquidity for HYPE, which is good for the token’s market. On the downside, market instability could affect the success of the public offering.
Conclusion
Hyperliquid’s upcoming plans focus on encouraging more trading through lower fees, expanding its platform with new DeFi and NFT features, and attracting institutional investment through a public listing. While these steps offer growth opportunities, they also come with risks related to execution and market conditions. The key question remains: how will the new fee structure impact HYPE’s long-term revenue stability?
Why did the price of HYPE fall?
Hyperliquid (HYPE) dropped 0.66% in the last 24 hours, despite gaining 1.34% over the past 30 days. This underperformance comes as the overall crypto market experienced a downturn. Key reasons include:
- Market-Wide Risk Aversion – Bitcoin fell below $90,000, causing $276 million in liquidations.
- High-Profile Liquidation – Andrew Tate’s $727,000 Hyperliquid account was completely liquidated.
- Technical Resistance – HYPE was rejected at its 30-day moving average ($41.03), increasing selling pressure.
Deep Dive
1. Market-Wide Risk Aversion (Negative Impact)
Overview: The crypto market took a hit, with Bitcoin dropping below $90,000. Spot Bitcoin ETFs saw $372.8 million in outflows, and the total crypto market value fell by 2.07%. The Fear & Greed Index, which measures market sentiment, hit "extreme fear" at 16 out of 100—the lowest since March 2025 (Cointelegraph).
What this means: Because HYPE tends to move in line with Bitcoin (with a 0.58 correlation), it was hit harder during this market stress. Traders sold off altcoins like HYPE to reduce risk, leading to $276 million in liquidations within 24 hours.
2. High-Profile Liquidation (Negative Impact)
Overview: Andrew Tate’s entire $727,000 Hyperliquid account was wiped out during Bitcoin’s drop below $90,000. On-chain data showed he had multiple leveraged long positions that were forced closed quickly (Yahoo Finance).
What this means: This event highlights the risks of trading with leverage on the platform, especially during volatile times. It may discourage others from opening leveraged positions. HYPE’s 24-hour trading volume dropped 35.24% to $425 million, indicating less market activity.
3. Technical Resistance (Negative Impact)
Overview: HYPE hit resistance at its 30-day simple moving average (SMA) of $41.03 and a key pivot point at $39.50. The MACD indicator turned negative (-0.136), signaling downward momentum, while the RSI at 44.94 showed weakening buying interest.
What this means: Failing to break these technical levels triggered automated selling. The next support level is at the 7-day SMA ($38.47). If that breaks, the price could test the 200-day exponential moving average (EMA) at $38.93.
Conclusion
HYPE’s recent decline reflects a broader market trend of reducing risk, combined with platform-specific liquidations and technical selling pressure. Key points to watch: Will Bitcoin recover above $90,000 to help stabilize altcoins? And can HYPE hold its $38.50 support level amid lower trading volume?