Hyperliquid (HYPE) +5% As It Pioneers The Crypto Comeback After Trump’s Heightened Tariffs On China
Crypto is finding it hard to stay afloat with President Trump’s 104% tariffs on Chinese imports while Hyperliquid (HYPE) remains a standout in a predominantly declining crypto market.
In light of Vice-President JD Vance’s remarks referring to the Chinese workforce as ‘peasants’ and the escalation of tariffs against its Asian rival, HYPE stands out as the sole digital asset within the top 30 remaining in positive territory.
$HYPE is the leading crypto token among all Layer-1s, having surged by 17% in the last three days pic.twitter.com/kPZcFltorK
— elonmoney.hl (@0xelonmoney) April 9, 2025
Hyperliquid (HYPE) Demonstrates Robustness Amid BTC And Stocks Plummeting
The Asian markets are once again facing declines in today’s (April 9) early trading as Trump’s extensive regimen of tariffs against China goes live.
This has led to a predictable downturn in the crypto sector, with BTC (BTC) dropping another 2.5% on the day to $77,200, while Ethereum (ETH) has decreased by 5.7% to $1477 in the past 24 hours.
Charts across the crypto landscape reveal a similar trend, with the exception of Hyperliquid (HYPE). Currently trading around $12.5, it has risen more than 5% over the last 24 hours.
Hyperliquid is a decentralized exchange (DEX) that operates on its own Layer-1 distributed record. Its appeal as a trading venue has grown due to minimal fees for traders, rapid transaction speeds, and quick onboarding of tokens for perpetual derivatives trading.
A pivotal factor contributing to HYPE’s success since its debut in November 2024 is the team’s determined effort to keep the crypto token from the grasp of Binance. Known for being a breeding ground for new, highly promoted tokens that tend to fail, Binance has garnered a negative reputation.
A review of 27 tokens listed by Binance in 2025 shows that only three are in the green since being listed, while the remaining 24 display losses ranging from -16.73% for Berachain (BERA) to a staggering -90.95% for Bio Protocol (BIO).
Currently, the largest centralized exchange hosting HYPE is KuCoin, which has recorded a trading volume of $27 million for HYPE in just the past 24 hours. For context, of the total $197 million in trading volume for HYPE in the last 24 hours, $125 million came directly from its Hyperliquid platform.
Notably, the HYPE/USD perpetual futures pair on Hyperliquid has achieved over $180 million in volume, underscoring a growing interest in the token as volumes for major crypto market caps decline.
Binance Pump&Dump it’s own listings
3/27 listings had a positive return, other rugged
If you put $100 on each crypto token, you’d have ~$1,500
Here’s how Binance scams you and what can you do
pic.twitter.com/frhHVRgurB
— Leviathan (@TechLeviathan) April 2, 2025
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Is HYPE Set To Continue Its Crypto market Outperformance: Could $20 Be Next?
Given HYPE’s demonstrated resilience in these challenging circumstances, many analysts are speculating that it could reach $20 as trading volume begins to flow significantly into the Hyperliquid platform’s native coin.
It has rebounded nicely from the purple support zone depicted below, and following a peak at $12.53, its next objective is surpassing its March high of $17.23.
Should the stock markets and the broader crypto environment remain stable amid President Trump’s escalating tariff conflicts with China, HYPE may have an opportunity to surge to $20.
HYPE has experienced a downward trajectory since March 3, when it fell from $20.3 and dipped below $10 on April 7. This date may forever be remembered as the modern-day Bloody Monday, following the update of Trump’s tariffs that resulted in a massive $200 trillion wrecked in stock markets.
Yet, history shows the potential for HYPE to stay positive even while the rest of the trading market declines, reminiscent of BNB’s performance during the 2019 bear crypto market.
While BTC plummeted from $11,000 to $3,200 in the first half of 2019, BNB remarkably rallied from $8 to over $30 by June of that same year.
With Hyperliquid functioning as a self-contained platform that protects the HYPE token from the fluctuations of major exchanges, it could potentially outperform the trading market as a pivotal component of the Hyperliquid ecosystem.
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Hyperliquid (HYPE) is the sole significant cryptocurrency rising
- As Trump’s tariff measures impact traditional financial markets and crypto, HYPE has surged over 5% today
- HYPE has achieved over $197 million in trading volume, with more than 75% derived from its Hyperliquid DEX
- The HYPE token avoids the pitfalls of major exchanges like Binance, which are infamous for their severe sell-offs of newly listed tokens
The post Hyperliquid (HYPE) +5% As It Leads The Crypto Revival Following Trump’s Increased Tariffs For China appeared first on 99Bitcoins.
