Hyperliquid: Upbit lists HYPE, yet the price falls to $71

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Analysis: Upbit, South Korea's largest crypto exchange, has traded HYPE against the won, bitcoin and Tether since November 10. The Hyperliquid price has nonetheless fallen to its lowest level since August 20, and the figures from the first trading day show why.Hyperliquid arrives on Korea's largest crypto exchange, and the price falls anyway.Add as a preferred source on GoogleFollow on Google NewsThe Hyperliquid price fell to about $71 on Tuesday, roughly €64 (as of November 10, 7 p.m. CET). HYPE lost 4.9 percent in 24 hours, with a daily low of $70.25. The token last traded lower on August 20. That was the very day Upbit, South Korea's largest crypto exchange, opened HYPE trading. What is confirmed: since 3 p.m. local time (7 a.m. in Germany), Upbit has listed HYPE in three markets, against the South Korean won, against bitcoin and against the stablecoin Tether. It is also confirmed that by the evening only about $8 million had changed hands there, and that HYPE trades in Korea...