Hyperliquid and Mantra Surge 13% Amid Broader Crypto Market Dip
In the past 24 hours, Hyperliquid (#HYPE) and Mantra (#OM) each gained 13%, while the broader crypto market experienced a downturn. Bitcoin fell to $91,000 before recovering to $99,100.
Key points:
- The real-world asset (RWA) tokenization sector showed strong performance, with Mantra and Ondo rising by 13.10% and 5.98% respectively.
- The RWA market capitalization is $61.20 billion, with trading volume increasing by 245%.
- Hyperliquid also gained 13%. The AI token sector is valued at $35 billion, with over $8.43 billion traded in the last day, reflecting a 178% increase in volume.
Financial highlights for Hyperliquid include:
- $1.97 million earned in the last 24 hours
- $52.22 million earned over the past month
Current price analysis:
- HYPE is trading at $24.81 with a market cap of $8.26 billion
- OM is priced at $5.71 with a market cap of $5.76 billion
- Mantra recently reached a new all-time high; Hyperliquid has declined 30% from its peak a month ago
Technical indicators show:
- HYPE's RSI at 52.87 indicates bullish momentum but suggests possible correction
- OM's RSI at 68.82 implies bullish control, nearing overbought territory
