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HYPE token rises 7% as ETF trading volume surges, signaling strong market demand and price momentum.

Market News
20 May 2026
Coinpaper
View Source
Bullish
pluang ai news

Hyperliquid's HYPE token jumped 7% to $51 amid growing trading volumes in newly launched HYPE spot ETFs, which have seen daily turnover rise from $1.8 million to over $14 million within a week. This surge in ETF activity is driving increased demand for HYPE tokens, with ETFs buying significantly more than tokens burned, indicating strong buying pressure. The platform also stands out for generating substantial fees in perpetual futures trading, attracting investor attention. Technically, HYPE is testing key resistance levels around $45.37 and $58.61, suggesting potential for further price gains if these levels hold.

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