Hyperliquid Price Drops Despite NYSE Partnership Announcement
Hyperliquid's HYPE token price fell despite a major deal with Intercontinental Exchange (ICE) for regulated futures markets.
Hyperliquid's HYPE token price fell despite a major deal with Intercontinental Exchange (ICE) for regulated futures markets. Hyperliquid (HYPE) is trading at ₹8,351 ($87.86), down 0.4% since this brief published. This is an original Token Times brief based on reporting by The Coin Republic, with live market data added, as of Sun, 01 Nov 2026 12:15:01 UTC.
The partnership with ICE could significantly expand Hyperliquid's reach into regulated U.S. markets, but the immediate market reaction suggests investor caution or profit-taking.
- HYPE token price dropped to $88.22 despite a major NYSE-related partnership announcement.
- Two wallets sold $108.81M in HYPE tokens, likely causing the price dip.
- Hyperliquid's TVL rose 12.1% over the past week to $1.92B.
- Hyperliquid Maintains Perps Market Lead Despite HYPE Token Decline
- NYSE Owner ICE Partners with Trade.xyz for US Hyperliquid Perpetual Futures Exchange
- NYSE Parent ICE to Launch Regulated Hyperliquid Perpetual Futures in US
- Hyperliquid Surges on ICE Exchange Rumors, Uniswap Gains Despite Downtrend
- Hyperliquid Approaches $100 Amid ICE Partnership Buzz
- Hyperliquid Earns $270M Annually on $6B USDC Deposit Despite Bear Market
- Hyperliquid Price Drops Despite NYSE Partnership Announcement — this brief
On October 31, 
Hyperliquid's HYPE token experienced a price drop to $88.22, despite the announcement of a significant partnership with Intercontinental Exchange (ICE) to introduce regulated perpetual futures markets in the U.S. using Hyperliquid's infrastructure.
The price decline followed the sale of approximately $108.81 million in HYPE tokens by two major wallets, as reported by The Coin Republic. This significant sell-off likely contributed to the token's price movement.
While the partnership with ICE represents a major step towards regulatory acceptance and market expansion, the immediate market reaction indicates that investors may be exercising caution or taking profits.
Hyperliquid's Total Value Locked (TVL) has shown strength, rising 12.1% over the past week to $1.92 billion, according to DeFiLlama. This suggests ongoing interest and activity within the platform.
In the broader market context, the total crypto market cap stands at $2.68 trillion, with 
Bitcoin up 1.17% in the last 24 hours. The overall market sentiment, as measured by the Fear & Greed Index, remains in 'Fear' territory at 30.
Since this brief published about 15 hours ago, Hyperliquid (HYPE) has moved from ₹8,385.32$88.22 to ₹8,351.10$87.86 — -0.41%.
The chart plots HYPE's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 HYPE ≈ ₹9,093.95 (about $87.86), down 0.0% over 24 hours. The rupee itself trades about 8.9% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 31, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Hyperliquid Price Drops Despite NYSE Partnership Announcemen — questions & answers
What caused the Hyperliquid price drop?
The price drop was likely due to the sale of $108.81 million in HYPE tokens by two major wallets.
How does the ICE partnership affect Hyperliquid?
The partnership aims to bring regulated perpetual futures markets into the U.S. using Hyperliquid's infrastructure, potentially expanding its market reach.
What is Hyperliquid's current TVL?
Hyperliquid's TVL is $1.92 billion, having increased by 12.1% over the past week.
How much is 1 Hyperliquid worth in rupee today?
About ₹9,093.95 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $87.86. The rupee price moves with both HYPE's US-dollar price and the USDT/INR rate; use our Hyperliquid in rupee page for any amount.
Has Hyperliquid's price moved since this brief was published?
HYPE is down 0.41% since this brief first published — trading at ₹8,351 ($87.86) now versus ₹8,385 ($88.22) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from The Coin Republic. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.