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Hyperliquid's HYPE token hits record $70 amid strong ETF inflows and buyback-driven rally

Market News
31 May 2026
Crypto news
View Source
Bullish
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Hyperliquid's HYPE token surged to a new all-time high near $70 on May 31, gaining over 67% in May. The rally is supported by $100 million in ETF inflows and a unique buyback model funded by trading fees, which links token demand to platform activity. Technical indicators remain bullish, with key support near $62.50 and potential upside toward $80 if current trends continue. The token's market cap topped $15 billion, reflecting growing institutional interest and regulated product attention.

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