$HYPE Resilience: Hyperliquid Token Defies Recent Price Drop Amid Strong Second-Quarter Data

Hyperliquid's token, $HYPE, has maintained its resilience despite a 2.12% drop in the last 24 hours, hovering around the $57.5 level.

The second quarter saw an increase in trading volume to $213 billion and a significant rise in HIP 3 RWA share to 32.2%, from 1.8% previously.

During this period, three HYPE ETFs were launched into the market, with institutional funds holding approximately 7.7% of the supply.