Hyperliquid’s kHYPE Peg Faces Temporary Wobble

[AIcash]

Hyperliquid’s staked governance token, kHYPE, briefly slipped from its peg between September 24–27, bottoming at 0.8802 against WHYPE before recovering. The episode highlights ongoing risks in derivative markets linked to Hyperliquid’s token economy.

Analysts also flagged an upcoming $12 billion HYPE token unlock, which could add further pressure to market sentiment. Despite these challenges, Hyperliquid continues rolling out new infrastructure, including stablecoin-enabled trading and permissionless asset support.