Hyperliquid Tests $55 Support as Revenue Drops Threefold

Hyperliquid's price has been testing its support level of $55 as revenue has dropped threefold. The platform's total open interest is approximately $11 billion, showing that serious capital continues to use it.

The revenue decline creates a different signal for the market. Traders may be keeping positions open while reducing turnover, moving toward lower-fee markets, or taking less leverage, which can weaken fee-based demand and raise questions about whether HYPE has already priced in too much future growth.

AlphaPepe is building pre-chart demand through its AI-powered decentralized exchange (DEX) products. The project has no public revenue history, mature order book, or established derivatives demand, creating far more uncertainty than Hyperliquid. AlphaPepe's confirmed launch range sits between $0.08 and $0.14, implying approximately 3.60x to 6.29x from the current entry price of $0.02224.

AlphaSwap provides several demand channels for AlphaPepe, including six intelligence feeds covering contract risk, token structure, liquidity, holder concentration, market behavior, and suspicious activity. The product mix is designed to avoid relying entirely on one metric.