Why did HYPEUSD drop 2.29% on February 10, 2026?

HYPEUSD fell due to profit-taking and broader market volatility. Kyle Samani's criticism of Hyperliquid's centralization also weighed on sentiment, though the backlash from Arthur Hayes and community figures limited downside. Elevated trading volume at 324 million tokens suggests institutional participation in the selloff.

What is the HYPEUSD price forecast for the next quarter?

The quarterly forecast targets $59.11, representing an 89% gain from current $31.27 levels. This assumes Hyperliquid continues attracting institutional volume and successfully executes ecosystem upgrades. Monthly forecasts suggest $22.77 if bearish pressure intensifies, while yearly targets estimate $52.73.

What do HYPEUSD technical indicators reveal?

RSI at 48.5 shows neutral momentum without overbought or oversold conditions. ADX at 37.13 confirms a strong downtrend. MACD remains bearish with the signal line at -2.48. Support sits at $30.92 and $22.33, while resistance emerges at $33.49 and $37.70.

How does the $607M Ethereum short impact HYPEUSD?

The massive short opened on Hyperliquid on February 9 demonstrates the platform's institutional-grade infrastructure, supporting HYPEUSD's utility thesis. This trade generates significant protocol fees, directly benefiting token holders. Liquidation risk at $2,143 ETH could trigger volatility.

What ecosystem developments support HYPEUSD long-term value?

HyperEVM enables Ethereum-compatible smart contracts, increasing HYPE token utility. HIP-3 democratized perpetual futures creation. qONE's successful presale and Ripple integration signal ecosystem strength. A governance vote to burn $1 billion worth of HYPE introduces deflationary pressure supporting appreciation.

Crypto Insights

HYPEUSD Hyperliquid USD Falls 2.29% as Whale Shorts Reshape Market Dynamics

ByDanny Kontos February 10, 2026February 10, 2026

HYPEUSD Hyperliquid USD is trading at $31.27 as of February 10, 2026, down 2.29% over the last day. The token has faced selling pressure recently, though its underlying platform continues attracting massive capital flows. A trader just opened a $607 million leveraged short on Ethereum through Hyperliquid’s derivatives engine, showcasing the platform’s institutional-grade infrastructure. Meanwhile, technical indicators reveal mixed signals, with RSI at neutral levels and a strong downtrend in place. Understanding what’s driving HYPEUSD’s current price action requires examining both the technical setup and the broader ecosystem developments reshaping the platform’s narrative.