The general weakness seen in the cryptocurrency market on June 6, Aster and hyperliquid It put additional pressure on him. Aster lost approximately 7.7% of its value during the day, falling to around $0.62. At the same time, selling pressure came to the fore on the Hyperliquid side due to the new token supply.
Watching the support zone for Aster
Aster turned down along with Bitcoin on Friday’s pullback. However, the token’s loss was steeper than the overall market and the price dropped to the range of $0.61 and $0.62. The liveliness in transaction volume indicated that interest in the market continued despite the decline.
A post shared by Wu Blockchain brought Aster’s position in the perpetual futures space back to the agenda. The post included Binance founder Changpeng Zhao’s evaluations in the interview he gave to the Threadguy channel in October 2025. Zhao said that Aster and Hyperliquid are not direct competitors, but respond to different processing needs.
Mini glossary: Perpetual futures are derivative contracts that do not have a specific expiration date. In these products, a funding mechanism is usually used to balance the difference between the price and the spot market.
According to the transferred evaluation, Changpeng Zhao stated that Hyperliquid focuses on a more open and transparent transaction structure, while Aster offers stronger privacy features and supports local asset deposits beyond BNB Chain-focused structures.
Zhao also stated that both projects are relatively young, so leadership in the industry may change over time. Market participants are now watching to see if Aster can hold above the $0.60 level. According to analyst comments on CoinMarketCap, maintaining this support can stabilize the price; Otherwise, attention may shift to the $0.55 region.
Supply increase came to the fore on the Hyperliquid side
The highlight of the Hyperliquid front was the $700 million planned token lock opening that took place on June 6. This development, which is part of the monthly vesting schedule, increased the circulating supply and made the market more sensitive to possible additional sales. Hyperliquid is known as a trading platform focused on decentralized perpetual futures transactions.
| Presence | Highlights | Level |
|---|---|---|
| asters | daily decline | around $0.62 |
| asters | Monitored support | $0.60 |
| hyperliquid | lock opening | $700 million |
| HYPE | intraday price | $59.35 |
The selling pressure attracted further attention with the news that Arthur Hayes had closed his entire HYPE position. HYPE was found around $59.35 during the trading session. This level is significantly below the all-time high of $75.51 seen on June 1. The token has fallen by approximately 12% in the last week.
The second headline that attracted attention in the market was the close monitoring of the impact of the new supply on the price following the large token lock opening in Hyperliquid on June 6.
However, the treasury structure of the project continued to remain on the radar of investors. In the news, it was reported that there was approximately $1.1 billion in unrealized token gains in the Hyperliquid treasury. In the short term, the market’s focus is on whether Aster can defend the $0.60 support and how Hyperliquid will perform post-increased supply.
