Hyperliquid's Twitter Account Has Been Hacked, Is This a Bearish Sign?

Hyperliquid, a well-known player in the decentralized exchange space, reported a security breach involving one of its Twitter accounts. On May 24, 2025, the company confirmed that the Twitter handle for HyperFND had been compromised. 

Although incidents like this often stir panic in the crypto world, Hyperliquid was quick to reassure users that its core blockchain systems remained completely secure. 

The response from both the platform and its community has raised an interesting question: does a hack like this point to a bearish trend, or is the market's reaction a sign of growing maturity?

What Happened to Hyperliquid’s Twitter Account?

The issue came to light through Hyperliquid’s verified Twitter account, which announced that the HyperFND handle had been accessed by unauthorized parties. 

The post did not reveal many technical details about how the breach occurred, but the message was clear: no part of the Hyperliquid blockchain or its operations had been affected.

The incident has drawn attention to the growing vulnerability of crypto projects—not just through their smart contracts or tokens but also via their social media presence. As platforms continue to expand, ensuring security beyond blockchain systems has become increasingly vital.

Read also: Is Solana Warming Up to Hyperliquid? New Statement Shows Support for HYPE

HYPE Token Stays Strong Despite the Incident

One might expect a security breach to trigger a drop in investor confidence. However, this was not the case with Hyperliquid’s HYPE token. Instead of falling, the token’s value rose. 

According to CoinMarketCap data, HYPE climbed approximately 9% following the announcement, trading at $38.62 with a market capitalization nearing $12.96 billion.

This upward trend was accompanied by a notable increase in trading activity. The 24-hour trading volume surged over 31% to reach $408.95 million. 

This suggests that the market interpreted the hack as a minor issue, perhaps even viewing the platform’s transparent communication as a positive sign.

Over the past two months, HYPE has increased by more than 180%, showing robust growth and steady investor trust. Such figures indicate that the ecosystem remains resilient, even when facing external disruptions.

Community Response and Security Concerns

The Hyperliquid community was quick to react, not with panic but with constructive feedback. Many users called for improved security measures for accounts tied to major crypto projects. 

Suggestions included enabling two-factor authentication and implementing multi-signature controls on critical accounts to prevent unauthorized access.

These recommendations reflect a broader concern in the cryptocurrency world. As the industry matures, so does the need for high standards of operational security, especially on platforms that hold influence and trust among users.

Read also: Is There a New Hyperliquid Airdrop? Clarifying the Rumors

Looking Ahead: Does This Signal a Bearish Trend?

While the idea of a hacked account may initially raise fears of declining market trust, the broader context tells a different story. Hyperliquid’s blockchain remained untouched, the team responded quickly, and market data showed increased confidence rather than fear.

If anything, the incident highlights how much the crypto space has evolved. Instead of reacting with panic, users and investors evaluated the real impact. 

Since no funds or internal systems were compromised, the market judged the situation calmly, signaling growing maturity in investor behavior.

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FAQ

Q: Why is Hyperliquid so good? 

A: Hyperliquid is good because it offers the benefits of both traditional and decentralized exchanges, with fast speeds, low fees, and advanced trading tools like perpetual derivatives.

Q: What is Hyperliquid? 

A: Hyperliquid is a decentralized platform for trading crypto spot and futures, specifically perpetual contracts. It's built on its own blockchain called HyperEVM and is designed for very fast trading, handling up to 100,000 orders per second. It allows users to trade perpetual futures without owning the actual assets.

Q: Is Hyperliquid safe? 

A: Yes, Hyperliquid is safe because every trade and order is recorded publicly on its blockchain. It uses a secure system called HyperBFT (a proof-of-stake mechanism) to ensure transactions are fast and secure.

Q: Who is Jeff Yan Hyperliquid? 

A: Jeff Yan is the CEO and co-founder of Hyperliquid. He has a background in computer science and market making, and he moved from traditional finance to focus on innovative trading in crypto.

Q: Does Hyperliquid have a future? 

A: Hyperliquid appears to be a worthwhile investment, with a favorable future valuation predicted at $197.49 by the end of 2031.

Q: How fast is Hyperliquid? 

A: Hyperliquid is very fast, capable of processing over 200,000 transactions per second on its high-speed blockchain.