2025-04-06
Price Drawdown from ATH: -68.56%.
HYPE price in the same daily row: $10.21. This is a descriptive reference point in this dataset; it does not establish a market top, bottom or future return.
HYPE: Price Drawdown from ATH
Hyperliquid HYPE
How far the HYPE price sits below its highest close so far.
Latest daily observationClosed day
- Price Drawdown from ATH
- -20.46%
- All-Time High (close)
- $97.14
- HYPE price
- $77.26
Observation: UTC. Dataset updated: .
Updated daily, normally at 09:30 Europe/Madrid. Daily resolution.
Data cross-checked. Computed from the validated daily HYPE/USD close and its running all-time high. HYPE price: Coin Metrics Community Data, cross-checked daily against Bitstamp daily HYPE/USD close (independent exchange): median difference 0.15% over 331 days (2025-11-25 to 2026-10-21); 95% of days within 1.05%; the HYPE/USDC spot market on Hyperliquid itself: median difference 0.20% over 678 days (2024-12-13 to 2026-10-21); 95% of days within 0.93%. Checked 2026-10-23. Data status
Recent daily values
The last seven closed UTC days. These values remain daily when you change the chart range.
| Date (UTC) | Price Drawdown from ATH | All-Time High (close) | HYPE price |
|---|---|---|---|
| 2026-10-22 | -20.46% | $97.14 | $77.26 |
| 2026-10-21 | -16.94% | $97.14 | $80.68 |
| 2026-10-20 | -17.24% | $97.14 | $80.39 |
| 2026-10-19 | -18.44% | $97.14 | $79.23 |
| 2026-10-18 | -18.82% | $97.14 | $78.86 |
| 2026-10-17 | -19.82% | $97.14 | $77.89 |
| 2026-10-16 | -17.46% | $97.14 | $80.18 |
Formula
ATH = highest daily HYPE/USD close from 2024-12-13 up to and including the day. Drawdown = close / ATH − 1, so 0% on a new high and −100% at a price of zero.
How to read it
Every day the chart sets the HYPE close against the highest close recorded up to that day. A day that sets a new record reads 0%; any other day shows how far below that record the price stands, as a share of the peak. The record itself is drawn on the price axis as a staircase that only steps up.
HYPE has traded only since late November 2024, but its declines have already been deep: about 69% on 6 April 2025, measured from the high of 21 December 2024, and about 64% on 20 January 2026, measured from the high of 18 September 2025. Both times the price later climbed to new records. The dotted lines mark a loss of half and of three-quarters of the peak value.
A drawdown only looks backwards: it says how far the price has fallen from its peak, not whether it will fall further or recover. Long stretches near 0% are rallies that keep printing new highs.
Limitations
- Built from one daily close per day (Coin Metrics Community Data, HYPE/USD at 00:00 UTC). Glassnode aggregates prices across many exchanges and does not say whether its all-time high uses daily closes, hourly prices or intraday highs; an intraday high would sit above our close high and make every drawdown a little deeper, by a few percentage points right after a sharp peak.
- The history starts on 2024-12-13, two weeks after the token launched on 2024-11-29. Hyperliquid's own HYPE/USDC market never closed above our first close in those two weeks, so the missing days do not change the all-time high.
- Cross-checked by recomputing the same drawdown from Hyperliquid's own HYPE/USDC spot closes: on a typical day the two differ by about 0.3 percentage points, 95% of days are within 1.3 points, and both put the all-time high on the same day.
- The all-time high column is our own addition to show which peak each reading is measured from.
- Price-only and backward-looking: it describes how deep past declines went and says nothing about the next move.
Historical examples
Selected mechanically: the lowest and highest closed-day Price Drawdown from ATH in the available history (2024-12-13 to 2026-10-22). These are observations, not forecasts or trading signals.
2024-12-13
Price Drawdown from ATH: 0.00%.
HYPE price in the same daily row: $19.40. This is a descriptive reference point in this dataset; it does not establish a market top, bottom or future return.
Download these closed daily observations (JSON)
Source: Computed by Black Almanak from the validated daily HYPE/USD close and its running all-time high. Price source: Coin Metrics Community Data, HYPE (CC BY-NC 4.0). Daily history since 2024-12-13, the first daily HYPE close Coin Metrics publishes (the token launched on 2024-11-29); the all-time high is the highest close from that day on. Methodology and sources.