• HYPE drops 27% weekly as traders flee to rival Aster exchange.
• Analyst James Wynn predicts a slow, painful decline rather than a sudden crash.
• Binance founder’s praise for Aster accelerates liquidity shift away from HYPE.

Hyperliquid — HYPE, holders are watching a storm gather strength. The token dropped another 6% on September 25, deepening a weekly loss of 27%. Prominent trader James Wynn warns that the pain has barely begun. He envisions a slow, grinding fall that could drain confidence from the once-promising asset. As traders brace for more turbulence, Wynn’s warning rings like a siren in a darkening market.

Rival Exchange Sparks a Shift

Trouble began when the decentralized exchange Aster launched on September 17. The newcomer captured attention almost overnight. Early praise from Binance founder Changpeng “CZ” Zhao poured gasoline on the spark, sending traders rushing to explore the fresh platform. Liquidity and users migrated quickly, leaving HYPE exposed. Market watchers describe the reaction as a tidal pull, sweeping funds toward the rival exchange.

Investors who once viewed HYPE as a safe harbor now face restless waters. Daily volume has thinned, creating volatility that unnerves even seasoned traders. Analysts note that enthusiasm for Aster continues to build, while HYPE struggles to reclaim momentum. The contrast feels like a changing of the guard, where a new champion rises while the old fades quietly.

James Wynn Issues a Stark Warning

Analyst James Wynn sees no quick rebound. He predicts a “slow and painful” descent, a phrase that lingers like a cold echo. Wynn stresses that HYPE may survive in name, but its market presence could erode for months. Such a drawn-out decline can test patience and sap morale, making each small drop feel heavier than the last. Some traders hope for a sudden turnaround. Yet Wynn points to the rapid shift in liquidity as a serious obstacle.

With capital flowing to Aster, HYPE faces a long road to regain trust. Without a dramatic catalyst, he believes the token will drift lower, a candle burning down grain by grain. For investors, the lesson is sobering. Momentum can vanish overnight, and loyalty can follow the strongest current. Those holding HYPE must weigh the risk of further losses against the hope of a distant recovery.

The broader crypto market watches closely, sensing another example of how fast sentiment can swing. Wynn’s cautionary words underscore a hard truth: in a landscape driven by attention and speed, even a single week can rewrite the story. As the days unfold, the market will decide whether HYPE finds support or continues its slide. For now, the trader’s warning hangs over the token like a heavy sky, reminding investors that every rally carries the shadow of retreat.