HYPE price today: Token holds near $73 after Upbit listing

HYPE traded at $73.42 at 13:45 UTC on Nov. 10, down 2.01% from its global opening price of $74.93. Upbit opened KRW, BTC and USDT markets for the token at 06:00 UTC, or 15:00 KST.

Upbit published its listing notice at 04:50 UTC. The exchange recorded HYPE at 99,500 won at 13:44 UTC, down 1.68% from the 101,200-won reference used by its ticker. The notice listed a previous close of 102,048 won, along with reference prices of 0.00101346 BTC and 75.81 USDT.

The listing supported HYPE deposits and withdrawals through HyperEVM. Upbit warned that transfers through other networks would not be credited. Deposits and withdrawals were scheduled to open within an hour of the notice, subject to travel-rule requirements and verification of personal wallets.

Upbit blocked buy orders for about five minutes after trading began. Sell orders priced more than 10% below the previous close were restricted for roughly the same period. The exchange accepted only limit orders for about two hours after the opening.

HYPE reached 102,000 won during the first session before falling to 99,500 won. The first 30-minute candle recorded 42,392 HYPE in volume, equal to about 43% of the 97,594 HYPE traded on Upbit during the previous 24 hours. A one-minute candle at 11:33 UTC reached 94,100 won before closing at 100,100 won.

Upbit’s 24-hour HYPE turnover was about 9.8 billion won, or approximately $7.3 million at an implied exchange rate of 1,346 won per dollar. That represented about 0.59% of HYPE’s global dollar volume, which stood at $1.23 billion. The USDT market recorded 5.3 HYPE in 24-hour volume, with a last price of 73.00 USDT.

HYPE’s recent high was $97.96 on Sept. 23. At $73.42, the token was down 25.1% from that level. Its seven-day decline was 12.9%.

HYPE had a market capitalisation of $17.58 billion and a fully diluted valuation of $69.68 billion at 13:45 UTC. About 239.4 million of its 951.5 million total supply were circulating. The fully diluted valuation was 3.96 times the circulating market capitalisation.

HYPE is Hyperliquid’s native token. Hyperliquid is a layer-1 blockchain that supports perpetual futures and spot trading through its HyperCore system. HYPE is used for network fees and staking. HyperEVM provides an Ethereum-compatible execution environment connected to the network’s liquidity.

Reviewed and fact-checked by Alex Panasenko on November 10.