HIPPO (sudeng) fluctuated 98.1% in 24 hours: Rebounded after sell-off triggered by Binance Futures delisting

Volatility Brief

In the past 24 hours, HIPPO's price surged from a low of $0.000155 to a high of $0.000307, with the current price at $0.000234, reflecting a price swing of 98.1%. Trading volume expanded significantly to a range of $5.78 million to $10.25 million, a daily increase of 30.8%-47.36%. Spot trading volume is approximately $1.48 million, indicating active high-frequency speculation.

Analysis of Abnormal Movements

- Binance Futures announced the delisting of the HIPPO/USDT perpetual contract at 17:00 (UTC) on April 8, 2026, directly triggering an initial wave of large-scale sell-offs and driving the price to the intraday low.

- Following the delisting, trading volume surged by 32.4%-47.36%, and the turnover rate reached 2.21 times the market capitalization, rapidly fueling a rebound. However, there were no significant signs of net capital inflow, indicating the activity was primarily speculative high-frequency trading.

Market Views and Outlook

The prevailing sentiment in the community is cautiously optimistic, with traders viewing this volatility as a typical meme coin characteristic. The rebound was influenced by the unwinding of short positions following the delisting. However, there is an emphasis that a high turnover rate may trigger profit-taking. Several analysts have warned that if the $0.00022 support level cannot be maintained, the price may retest lower levels; conversely, abnormal trading volumes could support further upward movement, but caution is advised against the risk of no sustained capital inflows.