HYPE price falls below $55 as HIP-4 goes live

HYPE fell below $55 after Hyperliquid activated permissionless HIP-4 deployments on testnet, with whale transfers and broader crypto market weakness weighing on the token. Summary HIP-4 permissionless deployments are now live on testnet, allowing developers to create prediction markets. HYPE declined almost 2% to around $54.70, losing the psychological $55 support level. HIP-4 markets hold roughly $182,000 in open interest and $881,000 in notional trading volume. A whale moved previously unstaked HYPE to FalconX and Coinbase Prime, according to Lookonchain. Hyperliquid opens HIP-4 deployments on testnet Hyperliquid has released the first implementation of permissionless deployments for its HIP-4 prediction-market framework on testnet. The update allows developers to begin testing their own prediction and outcome markets on the decentralized exchange. Hyperliquid said it plans to introduce more features, including configurable fees and additional testnet templates. HIP-4 extends the permissionless listing model used by HIP-3, which allows developers to deploy perpetual futures markets for different assets. The newer framework applies a similar approach to event contracts, placing Hy...