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Hyperliquid's HYPE token surpasses Solana in price, hitting new highs amid crypto market downturn.

Market News
03 Jun 2026
Crypto news
View Source
Bullish
pluang ai news

Hyperliquid's HYPE token recently climbed above Solana's price, reaching a record high near $75.4 while Solana fell to its lowest since late 2023. Despite a broader market downturn affecting major cryptocurrencies like Bitcoin and Ethereum, HYPE gained about 24% over the past month, contrasting with Solana's nearly 14% drop. Hyperliquid also expanded its presence in the derivatives market, capturing a record 6.63% share of global perpetual futures volume in May and attracting institutional interest with new investment products. Analysts see HYPE entering a price discovery phase with a potential target of $100 if bullish momentum continues.

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Crypto markets rise on CPI data and SEC talks with Hyperliquid hinting regulatory clarity

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Technical Signals
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Whales buy $90K in Hyperliquid's $HYPE token, signaling bullish sentiment amid $63-$68 price range.

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