HYPE Set for “Slow, Painful Death,” Says Trader James Wynn
The post HYPE Set for “Slow, Painful Death,” Says Trader James Wynn appeared on BitcoinEthereumNews.com.
Key Notes HYPE slides 6%, extending a 27% weekly decline. James Wynn has taken a short position on HYPE and a long position on rival ASTER. Looming token unlocks have raised price drop concerns. Hyperliquid’s native token HYPE HYPE $42.05 24h volatility: 6.6% Market cap: $11.46 B Vol. 24h: $895.50 M continues to sink, falling by another 6% on Sept. 25. The cryptocurrency has marked a 27% loss over the past week, but prominent trader James Wynn believes the pain is far from over. In a recent post on X, Wynn said that while HYPE may not disappear entirely, it will experience a “slow and painful” drop. Furthermore, CZ will not stop until $ASTER is #1. He loves competition, he loves building and he is obsessed with winning. Hype will exist, but it will have a slow and painful death in my opinion. With Aster already doing more volume than HL. And with Aster being the better… https://t.co/VhncTh28od — James Wynn (@JamesWynnReal) September 24, 2025 The troubles for HYPE began shortly after the launch of rival decentralized exchange Aster on Sept. 17. Market attention quickly shifted to the newcomer, helped by early praise from Binance founder Changpeng “CZ” Zhao. The support fueled strong momentum for the new crypto token, pulling liquidity and users away from HYPE. ASTER’s Rapid Rise While ASTER processed roughly $20.8 billion in trading volume, HYPE trading volume on the same day was $9.7 billion. With this activity, ASTER generated around $9.2 million in daily revenue compared with HYPE’s $2.7 million. Aster’s total value locked has also exploded, climbing from under $400 million at launch to over $2 billion within a week. Wynn described ASTER as “a better product,” adding that he has taken a long position on ASTER and a short position on HYPE. Wynn is…
Filed under: News - @ September 25, 2025 11:27 am