Crypto

21Shares ETP Sees Pullback as Hyperliquid Token Tumbles

Guavy AI Editorial Team Published July 29, 2026

Instruments

HYPE

The 21Shares Hyperliquid Staking ETP (SWX: HYPE) saw a decline in value, closing at CHF 21.90 on the SIX Swiss Exchange.

The drop came as the Hyperliquid (HYPE) token fell around 5.9% against the U.S. dollar over the past 24 hours.

Analysts believe the recent decline is mainly the result of profit-taking, with many traders choosing to lock in their gains after several months of strong growth and increasing adoption of the Hyperliquid platform.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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