HIPPO (sudeng) fluctuated 98.1% in 24 hours: Rebounded after sell-off triggered by Binance Futures delisting
Bitget Pulse2026/04/09 02:37Volatility Brief
In the past 24 hours, HIPPO's price surged from a low of $0.000155 to a high of $0.000307, with the current price at $0.000234, reflecting a price swing of 98.1%. Trading volume expanded significantly to a range of $5.78 million to $10.25 million, a daily increase of 30.8%-47.36%. Spot trading volume is approximately $1.48 million, indicating active high-frequency speculation.
Analysis of Abnormal Movements
- Binance Futures announced the delisting of the HIPPO/USDT perpetual contract at 17:00 (UTC) on April 8, 2026, directly triggering an initial wave of large-scale sell-offs and driving the price to the intraday low.
- Following the delisting, trading volume surged by 32.4%-47.36%, and the turnover rate reached 2.21 times the market capitalization, rapidly fueling a rebound. However, there were no significant signs of net capital inflow, indicating the activity was primarily speculative high-frequency trading.
Market Views and Outlook
The prevailing sentiment in the community is cautiously optimistic, with traders viewing this volatility as a typical meme coin characteristic. The rebound was influenced by the unwinding of short positions following the delisting. However, there is an emphasis that a high turnover rate may trigger profit-taking. Several analysts have warned that if the $0.00022 support level cannot be maintained, the price may retest lower levels; conversely, abnormal trading volumes could support further upward movement, but caution is advised against the risk of no sustained capital inflows.
Note: This analysis is automatically generated by AI based on public data and on-chain monitoring and is for informational purposes only.Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
After the "Black Week" for tech stocks, Wall Street calls for "bottom fishing"
Morgan Stanley has made it clear that "the next two to three weeks are the time to increase positions." Ed Yardeni characterizes the current downturn as a "correction" rather than the bursting of a bubble. Major Wall Street institutions have an average year-end target for the S&P 500 of 7,973 points. However, most strategists believe that the direction of AI policy remains the largest variable.
CoreWeave writes to Texas governor-elect seeking "data center consultation"
In this open letter, Michael Intrator stated that CoreWeave "strongly supports" Hinojosa's principled position that the growth of data centers must benefit the people of Texas. "We welcome the opportunity to work with your transition team to responsibly advance approved projects and to establish clear and lasting standards for future developments," he said.
What Would Bitcoin Look Like Without the Trump Effect?
Crypto prices
More
