Hyperliquid prioritises USDC as the primary trading pair while the HYPE token serves as a utility for fee discounts, governance, and buy-back funding. The token is not positioned as a money-like asset; instead it underpins network incentives and aligns stakeholder interests.
Hiren defines a high‑probability pull‑back as an orderly 12‑20 % retracement in a stage 2 stock with dry volume. Hard, fast pull‑backs indicate strong selling pressure and are avoided. The setup also requires a tight entry near the 10‑20 EMA and a stop‑loss at the previous day low.