Hypolycaena sipylus is a butterfly of the family Lycaenidae. It is widespread in Indonesia as well as occurring in the Philippines and the New Guinea region. It is the type species of the genus Hypolycaena.On Hypolycaena from Maluku, Indonesia, including the first description of male Hypolycaena asahi (Lepidoptera, Lycaenidae)
Subspecies H. s. sipylus (Moluccas) H. s. tharrytas C. & R. Felder, 1862 (Philippines) H. s. giscon Fruhstorfer, 1912 (northern Sulawesi, Sula islands) H. s. rhodanus Fruhstorfer (southern Sulawesi) H. s. numa Fruhstorfer, 1912 (Wetar Island, south-western Maluku, Lesser Sunda chain) H. s. capella Fruhstorfer (Lombok)
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