Binance Excludes Hyperliquid (HYPE) From Withdrawal Resumption for 8th Day

Binance's Second Withdrawal Phase Skips HYPE

Binance has started the second phase of its post-breach withdrawal resumption, and Hyperliquid (HYPE) is not on the list, which leaves holders of the token unable to withdraw it for an eighth consecutive day. The breach itself prompted the exchange to suspend outbound transfers while it assessed the damage, and each recovery note since has extended the list of assets whose withdrawals are live again. The ninth such update was published on Friday, setting the start of the resumption at 04:00 UTC. Dozens of additional assets regain outbound transfers in this wave, spread across nine networks: BNB Smart Chain, Ethereum, Base, Arbitrum, Optimism, Polygon, Avalanche, Tron and Sui. The rollout is gradual by design, with the venue reopening withdrawals asset by asset and network by network instead of restoring the full schedule at once. Withdrawal access for most of the exchange's list is therefore returning in stages, while one of its largest listed assets stays shut. HYPE, the eleventh-largest altcoin by market capitalization at roughly $18.6 billion, was excluded even though no part of its supply was taken in the breach. That asymmetry, deposits flowing in while the token cannot flow out, has stirred questions across the Hyperliquid community. For a top-twelve asset, exclusion from a mass reopening is unusual: balances are credited on the venue, yet the coins cannot be moved off it. A researcher who publishes on X under the name MLM noted that everything was being restored except HYPE, the one asset from which nothing was lost, according to Arab BTC. The Hyperliquid price has slipped about 5% over the past 24 hours, market data shows, a modest move for a token whose main venue gate has been shut for more than a week.

Security Checks With No Date for HYPE

Binance's official response to the complaints did not attach a date to HYPE. The exchange said withdrawals are returning gradually rather than in a single move, and that every asset must clear security and readiness checks before its outbound flow restarts. The venue's framing puts the burden on per-asset readiness, not on any disclosed problem with the token itself. Withdrawals on a centralized exchange are processed from its hot wallet, the connected reserve kept ready for outbound transfers, which is why each reopening is gated separately. Binance also reported a sharp increase in withdrawal requests over recent days, and it warned that some users may face delays on withdrawals that are already open because of load, technical constraints and the additional checks. Deposits, by contrast, remain available throughout the freeze, so the constraint applies only to the outbound side. The market case for calm around the token rests on structure rather than sentiment. HYPE's $18.6 billion valuation, computed against its circulating supply, and the depth that market makers provide, firms that quote two-sided prices continuously and absorb flow when other participants exit, lower the odds that a single venue's decision disturbs the price in a major way. Part of the user base reads the reopening differently: once holders can finally move coins after more than a week of frozen balances, some will send them to an external wallet address and sell into the first open window. Pressure on the token is not fresh: HYPE had already slipped below $80 in a 9% drop earlier in the week, and wallets linked to a16z have deposited 233,000 HYPE to exchanges since October 30. Our Hyperliquid technical analysis page tracks where those levels now sit.

One Gate Left Shut on a Top-12 Asset

The exclusion reads as sequencing rather than a judgment about the asset: Binance's own account places no loss on HYPE, and its answer to the community points to process, not exposure. The practical effect is real nonetheless. With deposits open and withdrawals shut, users on the venue hold a claim they cannot relocate, and eight days of that state has compressed a week of exit demand into one future reopening. Scale blunts the risk: an $18.6 billion market capitalization and market-maker depth across other venues mean one exchange's gate matters less than it would for a smaller token. Until a tenth update attaches a date to HYPE, the reopening stays an intention, not a schedule.