HYPE's Price Drops 4.5% After Binance Listing

HYPE's Binance listing on September 24, 2026, saw the token drop by 4.5% as large holders moved massive token blocks within hours.

The price slid from its all-time high of $98 to around $92, roughly 6% lower. At this price, HYPE's market valuation stood at about $23 billion, making it the 10th largest cryptocurrency.

Hyperliquid Strategies, which holds HYPE as its main treasury asset, bought 494,200 HYPE for $45.8 million over 16 hours the next day, totaling $476 million in purchases over the past month.