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Hyperliquid's HYPE token jumps 49% in a week on strong ETF inflows and institutional demand.

Market News
21 May 2026
Crypto news
View Source
Bullish
pluang ai news

Hyperliquid's native token HYPE surged nearly 49% in seven days, reaching around $57.6, driven by strong institutional inflows following the launch of U.S. spot ETFs that attracted over $54 million. The rally was fueled by short liquidations, automated token buybacks, and growing demand for tokenized real-world assets and pre-IPO markets. Technical indicators confirm a bullish breakout above $50, with momentum supported by rising trading volumes and positive derivatives positioning. Despite risks from leveraged trading and macroeconomic uncertainties, HYPE's strong fundamentals and ETF-driven demand position it for potential further gains toward $60 and beyond.

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