Hyperliquid’s token, HYPE, has crashed 27% in just five days, dropping to $39 before clawing back to $42.9. The dump comes as Binance founder Zhao Changpeng (CZ) launched Aster: a rival project now dominating trading volumes and retail attention. The timing has raised questions: has CZ effectively engineered Hyperliquid’s downfall? For now, new Binance Listings are dominating the market and headlines and HYPE is falling behind.
Yet in crypto, tides turn fast — Aster’s hype could vanish as quickly as it appeared, with HYPE seizing back momentum.
$ASTER not looking horrible, volume is definitely slowing down. If this thing wants to continue and put in another leg higher, it happens here. pic.twitter.com/ZiEGQeSKWs
— Castillo Trading (@CastilloTrading) September 26, 2025
EXPLORE: New Binance Listings
War Against Hyperliquid and CZ’s Power Play – New Binance Listings to Rival HYPE
For months, Hyperliquid’s rapid growth positioned it as a thorn in Binance’s side. Its rising perpetual volumes even threatened to chip away at Binance’s dominance. But CZ, fresh out of prison and back in the spotlight, wasted no time launching a counterattack.
Earlier attempts to disrupt Hyperliquid, such as the JellyJelly case, ultimately failed, with no official link to CZ or Binance. This time, however, the weapon of choice was Aster.
Aster’s launch initially looked unstoppable, rocketing from $0.06 to above $2 within days. But its rally has already begun to cool, now trading around $1.91. Other new Binance listings like STBL and XPL are also enjoying strong pumps, highlighting how fresh launches are driving most of today’s market momentum.
Meanwhile, Hyperliquid has shown resilience. After dropping to $39 in the wake of Aster’s debut, HYPE has begun to recover — a sign that despite CZ’s power plays, traders are still finding reasons to bet on its long-term strength.
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Unlocking Pressure: Hyperliquid’s Biggest Test Yet
Hyperliquid’s real challenge lies ahead. In late November 2025, 237.8 million HYPE tokens will unlock linearly over two years: worth nearly $12 billion in total. That’s around $500 million in monthly supply pressure with no clear buyback or absorption mechanism.
Industry veteran Arthur Hayes has already exited his HYPE position, citing the looming unlock as a reason for further downside. His move only deepens bearish sentiment at a time when CZ’s Aster is surging. Ironically, this sell comes right after he predicted a 126x for HYPE. Guess he will try to buy back the dip.
Arthur Hayes(@CryptoHayes) just sold all 96,628 $HYPE($5.1M) he bought a month ago, making ~$823K(+19.2%).
During his speech at the WebX Summit on Aug 25, he predicted a 126x upside for $HYPE, but is now out with less than a 20% gain.https://t.co/B6z5x7dOsv pic.twitter.com/69s0ZzIIii
— Lookonchain (@lookonchain) September 21, 2025
Yet, all is not lost. Hyperliquid emerged as a decentralized alternative in the wake of FTX’s collapse, proving strong demand exists for non-Binance venues. Its long-term relevance hinges on whether it can withstand this immediate assault.
Hyper Bitcoin Presale Smashes $18M — Could It Be the Next Binance Listing?
With Binance-backed tokens driving market hype in 2025, speculation is rising around the next potential listing. Bitcoin Hyper (HYPER), fresh off a record-breaking presale, is now being touted as a contender. But can it live up to the expectations?
The presale of Bitcoin Hyper (HYPER) has surged past $18 million, making it one of the standout fundraising events of 2025. Marketed as Bitcoin’s fastest Layer-2, Hyper raised over $1 million in the past week alone, with momentum suggesting the project could cross $19 million within days.
At its core, Bitcoin Hyper brings the Solana Virtual Machine (SVM) into the Bitcoin ecosystem, allowing BTC to flow through DeFi apps, gaming, and even meme coin markets at Solana-like speed and cost. Users lock BTC on the base chain, minting wrapped assets that unlock new utility — a potential game-changer for Bitcoin, which has long been limited to its “store of value” role.
The HYPER token powers this ecosystem, serving as gas, governance, and staking collateral. Early buyers are locking in at $0.012985, but that price will rise in less than 2 days. With strong investor backing and bold forecasts framing it as “Bitcoin 2.0,” speculation is already swirling: could HYPER soon follow in the footsteps of Aster, STBL, and XPL as the next big Binance listing?
If even a fraction of Bitcoin’s $2 trillion market cap flows into Hyper, the upside could be massive.
Visit MAXI HereKey Takeaways
- After failed attempts to weaken Hyperliquid, CZ launched Aster and other new Binance listings to divert momentum from HYPE.
- Hyperliquid faces a looming $12B token unlock, raising concerns of oversupply and fueling bearish sentiment despite recent recovery from $39.
- While Aster, STBL, and XPL dominate early trading, Hyperliquid shows resilience, suggesting market tides could still turn in its favor.
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