HYPE Price Drops 6% Despite $50M Crypto Push—Key Price Level Now Below $41

Hyperliquid (HYPE) slid 6% Tuesday, even as biotech firm Eyenovia rolled out a bold $50 million crypto strategy centered on HYPE...

Written by: Arslan Butt • Wednesday, June 18, 2025 • 1 min read

• Last updated: Wednesday, June 18, 2025

Quick overview

Hyperliquid (HYPE) experienced a 6% decline despite Eyenovia's announcement of a $50 million crypto strategy involving HYPE tokens.
Eyenovia plans to raise up to $150 million through a private placement, with $50 million specifically for acquiring HYPE tokens to become a top validator.
The company will rebrand to Hyperion DeFi and adopt the ticker HYPD while continuing its ophthalmic technology business.
Technical indicators suggest caution for HYPE, with key resistance at $41.09 and support levels at $39.00 and $37.64.

Hyperliquid (HYPE) slid 6% Tuesday, even as biotech firm Eyenovia rolled out a bold $50 million crypto strategy centered on HYPE. In a landmark move, Eyenovia revealed a private placement agreement expected to raise up to $150 million via stock and warrants, with $50 million allocated to purchasing up to 1 million HYPE tokens. The company aims to become a top validator on the Hyperliquid network.

The firm will rebrand to Hyperion DeFi, adopting the ticker HYPD, while maintaining its ophthalmic technology business. CEO Hyunsu Jung said, “We believe HYPE is the most robust digital asset to anchor our treasury strategy.”

Key highlights of the strategy:

$50M PIPE agreement with accredited investors
Acquisition of 1M HYPE tokens for validator staking
Strategic rebrand to Hyperion DeFi
Partnership with Anchorage Digital for HYPE staking
Continued R&D in ophthalmology tech

Bearish Technicals Cloud HYPE Outlook

Despite bullish headlines, the market remains skeptical. HYPER/USD is trading near $39.51, stuck below a descending trendline and 50-EMA resistance at $41.09. Repeated rejections from the $43.98–$45.44 supply zone have weakened momentum.

Technical signals reinforce caution:

MACD lines diverge bearishly below zero
RSI and momentum oscillators point lower
Support rests at $39.00 and $37.64
A breakdown below $39 opens room for $36.29

Price must reclaim $41.09 and break above $42.54 to reverse current bearish pressure.

HYPE Price Chart - Source: Tradingview — HYPE Price Chart – Source: Tradingview

What to Watch as Volatility Builds

With the PIPE deal set to close June 20, traders are watching for real proof of execution. Until then, rallies may face selling pressure, especially near overhead resistance.

Traders should monitor:

Price action around $41.09 resistance
Volume spikes for breakout confirmation
MACD and trendline structure into the week
Execution of Eyenovia’s validator role post-HYPE acquisition

For now, HYPE sits in a wait-and-see zone. The next directional move hinges on either reclaiming $41+ or a clean breakdown below $39.

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ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.