CoinMeta data: The native token HYPE of the Hyperliquid exchange has fallen out of the top ten cryptocurrencies after a 6.5% decline. Although HYPE performed exceptionally well in 2026, setting multiple record highs, the recent price correction may be due to investors choosing to take profits after HYPE reached new highs. In addition, the overall market downturn has also put pressure on HYPE, especially against the backdrop of Bitcoin's price falling from $87,000 to $83,000. The price fluctuations of HYPE are related to the surge in users on the Hyperliquid exchange, particularly after the conflict between the United States and Iran, as traders flocked to the platform for oil futures trading.