🔴 Hyperliquid Strategies is trading 6.3% down today as selling pressure persists amid broad crypto weakness

Hyperliquid Strategies is trading down at $6.53 (-6.3%) as selling pressure continues to mount following a double-digit decline on July 16.

• The downward move comes amid a broader retreat in the cryptocurrency market, with Bitcoin and Ethereum dropping approximately 2–4% over the past 24 hours.
• A sharp decline in the Hyperliquid HYPE token has further intensified risk-off sentiment toward crypto-linked equities.