HYPE's meteoric rise sparks concerns about a price correction

Hyperliquid (HYPE) led the top 10 cryptocurrencies in August, but smart money is short on this asset. According to recent data, HYPE's price increased significantly last month, outperforming many other major cryptocurrencies.

However, despite its strong performance, HYPE's price has not been driven by institutional investors or large-scale buying activity from the 'smart money' crowd.

This discrepancy suggests that HYPE's price may be vulnerable to a correction in the near future. The asset's price can fluctuate rapidly and unpredictably, making it challenging for investors to navigate.