Overview
- HYPE remains range‑bound near $28–$30 after failing to sustain a move above roughly $31, with price capped by a descending trendline since early February.
- Hyperliquid unveiled the Hyperliquid Policy Center in Washington, D.C., with the Hyper Foundation committing 1 million HYPE (about $29 million) to advance regulatory clarity for on‑chain derivatives.
- Network fundamentals weakened as TVL fell from about $4.7 billion to $4.2 billion and weekly revenue slid 55% to $11.83 million since Feb. 9, reducing buyback capacity.
- A 9.92 million HYPE unlock scheduled for March 6—worth roughly $291 million, or 2.72% of circulating supply—poses a potential headwind if demand does not absorb new supply.
- Whale activity remains notable, with Arthur Hayes adding 1 million HYPE to reach 6.4 million tokens, while traders watch the $28 support for confirmation of either a rebound toward $32–$35 or a breakdown to lower levels.