Hyperliquid Under Fire As Validators Expose Key Decentralization Flaws

Hyperliquid (HYPE) token is once again in the spotlight as validators have raised concerns about its centralization and lack of transparency. The topics of major challenges including closed source code, centralized API dependence, and closed decentralization have generated discussions across crypto. As a result, HYPE token price suffered a sharp drop of 15% in the last 24 hours amid the broader market volatility. With increasing demands for transparency, the project’s future remains under a critical challenge.