HYPE sees $110M net outflow as capital flight follows new ATH

Capital outflows from the Hyperliquid cross-chain bridge have been expanding since HYPE hit a new all-time high on May 21, according to HyperInsight. Although HYPE continued to rise to around $64 and set further highs, the bridge's fund flow has shifted from declining net inflows to a net outflow phase. Total outflows from the Hyperliquid bridge recently grew to $149 million, with daily net outflows reaching about $91 million. This contrasts with the period when HYPE first hit its all-time high, at which point USDC inflows through the Hyperliquid-Arbitrum (ARB) bridge reached a 10-month peak of approximately $173 million.