HIFI (Hifi Finance) fell 61.98% in the last 24 hours.

Gate News Bot message, on September 16, according to CoinMarketCap data, HIFI (Hifi Finance) is currently priced at 0.16 USD, having fallen 61.98% in the last 24 hours, with a high of 0.82 USD and a low of 0.05 USD. The current market capitalization is approximately 22.22 million USD, a decrease of 36.25 million USD from yesterday.

Hifi Finance is a decentralized lending platform that allows users to borrow against cryptocurrencies or supported physical assets as collateral. The platform offers fixed-rate lending, bringing predictability to decentralized finance. Hifi has successfully issued over $1 million in loans against physical assets such as commercial real estate and plans to further expand its physical asset lending business.

Important news about HIFI recently:

1️⃣ Major trading platforms will delist HIFI trading pairs A mainstream cryptocurrency exchange platform announced that it will cease trading and delist the HIFIUSDT spot trading pair on September 17, 2025, at 11:00 (UTC). This decision has had a significant impact on the market performance of HIFI, leading to drastic fluctuations in its price and trading volume.

2️⃣ HIFI price fluctuates significantly in the short term After the delisting announcement, the price of HIFI experienced severe fluctuations. On September 13, HIFI saw an increase of nearly 1000%, reaching a high of $0.9. However, this uptrend could not be sustained, and the price subsequently fell significantly, resulting in a 61.98% drop within 24 hours.

3️⃣ Market heat temporarily increases Despite facing delisting risks, HIFI briefly became the second hottest cryptocurrency in the market on September 13, second only to Ethereum. This reflects investors' short-term speculative behavior before the trading pair is about to be delisted, but this heat may be difficult to sustain.

From a technical perspective, the HIFI price has experienced a rapid pullback after a significant rise in the short term, indicating extremely high volatility. On the fundamental side, although Hifi Finance has made progress in the field of physical asset lending, the delisting decisions of major trading platforms may pose challenges to its liquidity and long-term development.

This message does not constitute investment advice, and investors should be aware of market volatility risks.