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HYPE token hits $76.90, up 46% in a week, driven by strong institutional buying and futures growth.

Market News
17 Jun 2026
Blockonomi
View Source
Bullish
pluang ai news

The Hyperliquid (HYPE) token surged to a record $76.90 on June 16, marking a 46% increase over seven days and over 90% monthly gains. Institutional interest grew as Bitwise acquired 77,100 HYPE tokens worth $5.2 million for its new ETF, while total futures open interest rose 32% to $3 billion. Hyperliquid dominates 53% of decentralized perpetual futures markets, with annual revenue surpassing $1 billion. The platform also expanded into traditional finance futures, including SpaceX pre-IPO contracts, which saw $1.2 billion in weekly volume, highlighting strong ecosystem growth despite broader crypto market declines.

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