---
title: "Hyperliquid Slips Below $60 As Multicoin, Paradigm Unstake $291M In HYPE"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293664040.md"
description: "Hyperliquid’s HYPE fell below $60 after two major funds unstaked about $291 million of the token in days, stoking fears of selling. Multicoin said it is not selling and on-chain data showed the tokens moving to custody rather than to market, according to BeInCrypto, while Paradigm has not commented. HYPE was last trading at $58, about 24% below its June record of $76.70."
datetime: "2026-07-23T20:21:36.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293664040.md)
  - [en](https://longbridge.com/en/news/293664040.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293664040.md)
---

# Hyperliquid Slips Below $60 As Multicoin, Paradigm Unstake $291M In HYPE

Hyperliquid’s HYPE fell below $60 after two major funds unstaked about $291 million of the token in days, stoking fears of selling. Multicoin said it is not selling and on-chain data showed the tokens moving to custody rather than to market, according to BeInCrypto, while Paradigm has not commented. HYPE was last trading at $58, about 24% below its June record of $76.70.

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