The Hyperliquid token (HYPE) recently fell over 6% in a trading session, reaching a 10-day low below $36, significantly down from its all-time high of $45.59 set just three days prior. Analysts attribute this dip to profit-taking by investors following corporate treasury buy-ins, such as Eyenovia's acquisition of over 1 million tokens for $50 million and Lion Group's plan for a crypto reserve including Hyperliquid. The overall cryptocurrency market saw a 2.5% decline in market capitalization, with most altcoins also trading in negative territory. Trading volumes have slumped, with a 50% drop since mid-May contributing to the downturn in HYPE's price. This price action has drawn interest from experts highlighting conventional patterns where speculative trading occurs after news of corporate investments. Hyperliquid remains up over 40% in the past month, attributed to its strong position in perpetual futures trading, which supports leverage.

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