Hyperliquid has reached a milestone with $11.5 billion in trading volume and $1.32 billion in liquidation volume. This surge is by a massive airdrop of 310 million HYPE tokens, increasing liquidity and interest. Despite the success, risks such as price instability and liquidity challenges remain. The platform’s unique Dutch auction system adds both excitement and uncertainty. Hyperliquid, has achieved a milestone by reaching a $11.5 billion trading volume and liquidation volume reaching $1.32 billion, as well as setting new all-time highs. This surge is not only a reflection of Hyperliquid’s growth in the decentralized finance (DeFi) space. So, what is behind this explosive growth, and what are the challenges that come with it? Reason behind the Hyperliquid surge The huge increase in trading volume for Hyperliquid is mainly due to its massive airdrop. The platform gave away 310 million HYPE tokens to over 94,000 users. HYPE, played a major role in this surge, quickly rebounding after a market dip and surpassing $33 to set a new historical peak with the assistance fund currently holding around 11.234 million HYPE tokens, which is worth approximately $356 million. The platform’s assets are worth over $1 billion, and tokens like HYPE have even reached over $33, attracting a lot of attention. As more people have started holding and trading the tokens, the platform has seen a huge rise in liquidity and trading volume. Within days, 270 million HYPE tokens were claimed, worth around 11.5 billion, which surrpassed Uniswap’s 2020 airdrop in size. Some people think the price might drop later as the excitement fades, and Hyperliquid still relies on its own DEX trading to keep prices stable. Tokens like PURR and HFUN have seen huge gains, with some rising by 200%, which makes the platform even more attractive. Hyperliquid stands out from other decentralized exchanges with its unique trading system and low fees. It has $2.62 billion in locked value and a fee model that supports buybacks and ecosystem growth. The platform’s token supply is limited to 270.9 million out of a possible 1 billion, creating scarcity and demand. While Bitcoin and other altcoins saw price drops, HYPE’s price increased. Hyperliquid uses a Dutch auction system, where token prices drop until a buyer is found, thus driving up the token’s value quickly by limiting the number of tokens and using this auction model. Hyperliquid avoids flooding the market with too many low-value tokens, keeping them more exclusive. Auctions for tokens like GOD and HFUN have shown how quickly they can generate high demand. Hyperliquid’s high liquidity, especially for HYPE and other tokens, has been key to its record trading volume. As more tokens are added to the platform, liquidity keeps improving, which is attracting more traders. The liquidity to the market cap ratio of HYPE is 4.8%, which increases trading activity as more assets could join the platform. The other side Even though Hyperliquid has been successful, its approach comes with risks. The limited number of tokens and auctions help prevent oversaturation but can also make prices unstable. New tokens often lack liquidity or market makers, which can cause their prices to freeze. However, as more liquidity comes in, some tokens might suddenly spike in price. The airdrop-driven surge in users could lead to price instability. Once the initial excitement dies down, many users may sell their tokens, causing price drops and volatility. The Dutch auction system also creates unpredictable price discovery. It can lead to overvaluation of tokens, which may experience sharp declines once market sentiment shifts. As more tokens enter the ecosystem, many may lack the liquidity or stability to maintain long-term value, especially as the regulatory landscape for DeFi platforms becomes more uncertain. The increasing cost to secure a ticker, which can reach nearly $1 million, makes it hard for smaller projects to join. This also helps keep out low-value tokens. While this system helps feature valuable tokens, it can also leave some tokens without enough trading activity for a long time, making it risky to trade on the platform. The long-term effects of this approach remain uncertain for now. A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.
Is it too late for bitcoin? Robert Kiyosaki signals urgency, pointing to bitcoin, gold, and silver as the best defense against a looming financial collapse. Too Late to Get Rich With Bitcoin? Kiyosaki Says the Door Is Open—But Not for Long Robert Kiyosaki, the author best known for co-authoring Rich Dad Poor Dad alongside Sharon
Crypto analyst Dima James has again raised the possibility of the Dogecoin price rallying above $10 in this market cycle. The crypto analyst alluded to historical data to show how high DOGE could go in this bull cycle. How High Dogecoin Price Could Go In This Market Cycle In an X post, Dima James shared a chart that showed that the Dogecoin price could reach as high as $80 in this market cycle. The analyst also predicted that the cycle top for Dogecoin could happen sometime between February 11th and May 7th, 2025. The analyst alluded to historical data to explain why he is confident that Dogecoin could reach this target. Related Reading: XRP Price Crash: Analyst Says Don’t Get Distracted As RSI Is Still Above A Bullish 50% Analyzing the daily chart, the crypto analyst explained that year 4 is typically the final year of each cycle, which is when the Dogecoin price has peaked every single time. He highlighted an indicator on the chart that has accurately predicted every single Bitcoin top. The analyst noted that Dogecoin tends to peak three to four weeks after Bitcoin reaches its top. In line with this, the analyst predicts that the cycle top for Dogecoin will happen sometime between February 11th and May 7th. Meanwhile, discussing the four-year cycle more, Dima James noted that the Dogecoin price had an impressive performance in this cycle’s year 3 (2024) compared to the year 3s of the previous cycles (2016 and 2020). He further reaffirmed his prediction that the Dogecoin price will finish this year at $0.31, marking the meme coin’s best year 3 performance to date. Year 4 has historically been the most significant year for Dogecoin, and Dima James expects a similar or even greater result in 2025, with Dogecoin outperforming its previous year 4 cycle performances. The analyst believes this will happen due to increased adoption and technological advancements. DOGE Has Found A Local Bottom In an X post, crypto analyst Trader Tardigrade mentioned that the Dogecoin price may have found a local bottom. The analyst explained that there is a Doji Dragonfly hitting the Fibonacci level of 0.618 on the daily chart. He further noted that DOGE showing price rejection at this level indicates a potential bottom found. Related Reading: Here’s Why The Bitcoin Price Continues To Hold Steady Between $96,000 And $98,000 The crypto analyst recently mentioned that the Dogecoin price was stuck in a range. He predicted that a break above this range could send Dogecoin to the $1 psychological level. In another X post, Trader Tardigrade stated that Dogecoin had entered the Gaussian channel on the daily chart. The crypto analyst added that the Dogecoin price has halted its downtrend at the channel’s mid-band, highlighting the Gaussian Channel’s supportive nature. In line with this, Trader Tardigrade suggested that Dogecoin is ready for a bullish reversal. At the time of writing, the Dogecoin price is trading at around $0.33, up over 12% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
Bitcoin (BTC) approached the $100,000 milestone on Dec. 21, following a dramatic price rebound that delivered significant upside momentum. Data from Cointelegraph Markets Pro and TradingView showed BTC/USD surging by $7,000 in under 24 hours. After dipping near December lows of $92,000 and liquidating leveraged long positions, Bitcoin rallied as the weekend began. It reached $99,500 on Bitstamp, with bulls pushing for six-figure territory despite the absence of institutional trading activity. Coinbase saw a resurgence of buying pressure, reversing earlier sell-side activity. “Coinbase buying a lot since lows,” noted trader Exitpump on X, contrasting the buying volumes on Coinbase with those on Binance. Another trader, Superbro, highlighted that Bitcoin’s 50-day simple moving average (SMA) acted as a robust support level. On shorter timeframes, Superbro observed a potential breakout pattern forming in the shape of an inverse head and shoulders, a bullish indicator for both short- and long-term trends. Meanwhile, trading account Doctor Magic drew attention to Bitcoin’s relative strength index (RSI), describing recent movements as a potential “scam” breakdown. “There is a reason I am obsessed about this RSI scam breakdown that I have been posting for a while now; it happened in every major leg up until the first local top,” he explained, referencing past price correlations. At the time of writing, Bitcoin’s daily RSI stood at 52, maintaining its position above the critical midpoint of 50. During bull markets, Bitcoin’s RSI often remains above the overbought threshold of 70 for extended periods. While Bitcoin’s resurgence neared $100,000, it came too late for U.S. spot Bitcoin exchange-traded fund (ETF) investors. On Dec. 20, ETFs experienced net outflows of nearly $300 million, with the iShares Bitcoin Trust (IBIT) recording its largest single-day outflow of $72.7 million.
CryptoQuant analyzes liquidity risks of centralized exchanges like Binance and OKX. Binance maintains strong reserves despite increased trading activity. Continue Reading: CryptoQuant Analyzes Liquidity Risks of Centralized Exchanges The post CryptoQuant Analyzes Liquidity Risks of Centralized Exchanges appeared first on COINTURK NEWS .
Ethereum accumulation addresses have seen a remarkable surge since August, signaling strong institutional interest and market confidence. Investors are increasingly optimistic about Ethereum’s potential, driving a significant uptick in address
Trump Fires Powell could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Trump Fires Powell (TRUMPPOW), a new Solana memecoin that was launched today, is set to explode over 15,000% in price in the coming days. This is because TRUMPPOW is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Trump Fires Powell can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Trump Fires Powell could become the next viral memecoin. Trump Fires Powell launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Trump Fires Powell on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Trump Fires Powell by entering its contract address – FWmVybuoRxJ79ZDHJ3Y8efeYsHsKL4qMNwJP8rCDsfmB – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like TRUMPPOW. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Ethereum accumulation address holdings have surged since August, outpacing its previous cycles.
New data from market intelligence firm Santiment reveals one altcoin that has seen massive gains this year is rife with whale activity. In a new thread on the social media platform X, Santiment says that among altcoins with at least a $500 million market cap, tokenized artificial intelligence (AI) project Virtuals ( VIRTUAL ) – an asset that’s up a staggering 20,000% year-to-date – is one of the leaders in terms of whale activity. Santiment also says high-net-worth investors are making moves to accumulate 10 digital assets including VIRTUAL during the latest crypto market crash. “Despite sizable crypto corrections this week, several altcoins are making very large whale transfers that are indicative of potential dip buys.” Other notable altcoins on the list include stablecoin issuer Usual ( USUAL ) and its stablecoin Usual USD ( USD0 ), decentralized betting platform Gnosis ( GNO ), decentralized finance (DeFi) project Aave ( AAVE ), as well as meme asset Floki ( FLOKI ). VIRTUAL is trading for $2.74 at time of writing, a nearly 20% gain on the day. On December 16th, it peaked at $3.34 while a year ago, it was moving for around $0.013. Moving on to the top crypto asset by market cap, Santiment says that Bitcoin’s ( BTC ) latest drop to under $100,000 has caused a “buy the dip” mentality among investors. “With Bitcoin falling as low as $95,500 today, the ratio of crypto discussions that are about buying crypto’s dip has reached its highest level in over eight months. The last time we saw the crowd nearly this enthusiastic about dip buying was the major crash on August 4th. Since that time, Bitcoin’s market cap is +81% higher.” Source: Santiment/X Bitcoin is trading for $97,006 at time of writing, a fractional decrease during the last 24 hours. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/wacomka/Andy Chipus The post Altcoin That’s Up 20,000%+ Year-to-Date and Nine Others Are Seeing ‘Very Large Whale Transfers’: Santiment appeared first on The Daily Hodl .
Trust Wallet users were shocked by the sudden disappearance of money in their accounts, prompting them to raise the matter on X. Some feared that wallets may have been breached, as hackers always target crypto wallets. Responding to the X post , some users highlighted that the problem was beyond balances, as buying and selling nodes had issues. However, some were relieved and grateful for the reassurance of their funds and their efforts to restore the wallet’s operations. Crypto hackers stole up to $2.2 billion in 2024 Although the Trust Wallet issue was merely a glitch, it caused widespread panic among community members, who feared their wallets had been drained. Their concerns were valid, given the high frequency of security breaches in the crypto space. Chainalysis reports that crypto thieves stole a staggering $2.2 billion worth of cryptocurrency in 2024. Most of the crypto losses in 2024 resulted from hacking associated with the Democratic People’s Republic of Korea (DPRK). A Chainalysis report reveals that North Korean hackers, including the lethal Lazarus, account for 61% of all the crypto stolen this year. Although Decentralized Finance was the most affected by hackers in the earlier months of 2024, centralized finance had the most significant financial blows in the year’s second and third quarters. The DMM Bitcoin suffered a $305 million loss in May from hackers, and in July, WazirX lost $234.9 Million. The team resolved the glitch and resumed normal operations Through their X account, Trust Wallet stated that they successfully resolved the glitch and that the wallet is fully operational. Some users confirmed, saying that they can access their balances. Trust wallet is one of the many digital wallets that crypto users rely on. It has always boasted of its robust safety measures and easy-to-navigate features. The glitch, if otherwise, would have been the biggest test for the digital wallet. Crypto security risks may increase over time, requiring users to be alert. Artificial intelligence might further complicate the situation. Most hackers are beginning to use AI for sophisticated attacks, including phishing, deepfakes, and malware. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap