Crypto is currently facing significant challenges due to President Trump’s 104% tariffs on Chinese imports, yet Hyperliquid (HYPE) remains in the green amidst widespread losses.

Recent Comments: After Vice-President JD Vance labeled Chinese workers as ‘peasants’ in light of Trump’s increased tariffs, HYPE stands out as the sole top 30 cryptocurrency that has not succumbed to market declines.

Elonmoney.hl: “$HYPE is the strongest token among all L1s and has risen by 17% over the past 3 days.”

(Translation: $HYPE is the strongest token among all Layer 1s and has increased by 17% in the last three days.)

Hyperliquid (HYPE) Shows Resilience Amid Market Decline

As the Asian markets continue to struggle early on April 9, President Trump’s comprehensive tariffs have inevitably impacted crypto markets too. Bitcoin (BTC) has dropped by 2.5% today to $77,200, while Ethereum (ETH) fell by 5.7% to $1477 within the same timeframe.

The crypto charts display a similar downward trend; however, HYPE is bucking this trend with a trading price of approximately $12.5, a 5% rise in the last 24 hours. Hyperliquid operates as a decentralized exchange (DEX) functioning on its proprietary Layer-1 blockchain, recognized for its trading efficiency and low fees.

A critical factor in HYPE’s success since its introduction in November 2024 is its development team’s commitment to keeping their token independent from larger exchanges like Binance, infamous for instability among newly listed tokens. A comprehensive review revealed that only 3 out of 27 cryptocurrencies listed by Binance in 2025 have seen positive returns since their launch, while the others have depreciated significantly.

Currently, KuCoin is the leading centralized exchange (CEX) for HYPE, which recorded a trading volume of $27 million in just the last 24 hours. Comparatively, HYPE’s overall trading volume over this period is $197 million, with $125 million generated on the Hyperliquid platform itself. Notably, HYPE/USD perpetual futures achieved over $180 million in processing volume, indicating substantial interest in the token contrary to the cooling volumes seen in other major cryptocurrencies.

Leviathan: “Binance pumps and dumps its own listings. Out of 27 listings, only 3 have shown positive returns; the rest are rugged.”

(Translation: Binance inflates and deflates its own listings. Out of 27 tokens listed, only 3 have yielded profits while the others have failed.)

Future Prospects for HYPE

Despite current challenges, optimism for HYPE’s future remains, with speculations of reaching $20 as trading volumes increase. After bouncing back from a critical support zone at $12.53, the next objective for HYPE is to surpass its March peak of $17.23.

Should the stock and crypto markets stabilize amidst ongoing tariff conflicts initiated by President Trump, HYPE might very well advance toward $20.

Historically, during market downturns, cryptocurrencies like BNB have thrived. For instance, while Bitcoin dropped dramatically in the first half of 2019, BNB escalated from $8 to over $30 by mid-year.

Hyperliquid’s structure as an independent exchange places HYPE in a secure position to potentially outperform the broader market during prolonged downturns.