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HYPE price falls 10% as Arthur Hayes sells $800k worth Hyperliquid tokens to buy a Ferrari

Hyperliquid price fell sharply after reports surfaced that Arthur Hayes sold $800,000 worth of tokens to buy a Ferrari. Despite the bearish news, the token remains in a bullish market structure, supported by multiple technical confluences. Summary 10% Drop on the day: Triggered by Arthur Hayes’ reported token sale. Fibonacci Rejection: $60 level confirmed as key resistance….

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