In the past 7 days, the cumulative net sell pressure on Hyperliquid has reached $663 million, causing a $5.3 billion market capitalization evaporation of HYPE.

BlockBeats News, September 25th, according to mlm Monitor, in the past 7 days, it has been observed that HYPE spot saw a net outflow of $2.83 billion, while HYPE perpetual contracts (perps) saw a net outflow of $3.8 billion, resulting in a total net selling pressure of $6.63 billion on Hyperliquid.

This has caused the price to drop by approximately 30%, wiping out around $17.5 billion in fully diluted valuation (FDV) and $5.3 billion in market cap.