Hyperliquid's Assistance Fund has recently acquired its 12 millionth $HYPE token, locking in over $287 million in funds permanently. On January 9, 2025, the fund is expected to purchase more than $2 million worth of tokens, contributing to a notable trading volume spike of $6.5 billion in the past 24 hours. Despite facing criticism related to security and transparency, particularly following a North Korean hacker scare, Hyperliquid continues to address community concerns regarding validator selection and centralization. The $HYPE token has seen a significant price decline, dropping from highs of $33 to approximately $20.6, reflecting a broader market volatility. The project has committed to open-sourcing its code once security is assured and has implemented changes to validator nodes based on user feedback.