The HYPE token on Hyperliquid reached a new all-time high of $64.21, forcing a whale trader to unwind a $27 million short position by selling over $14 million worth of tokens. The trader still holds a partial short position while offloading more tokens as prices surge. This price rally is driven by institutional inflows, including a $58.73 million Bitwise ETF launch and significant venture capital accumulation. Hyperliquid's transparent market shows growing pressure on short sellers amid strong platform fundamentals and high trading volumes.
Hyperliquid's native token HYPE surged over 40% in the past week, driven by significant institutional ETF inflows, protocol buybacks, and record derivatives trading volumes. The launch of two Hyperliquid ETFs in the U.S. attracted over $53 million, b...
Investors withdrew over $1 billion from bitcoin ETFs and $215 million from ether ETFs last week, signaling reduced interest in major crypto assets. Instead, funds flowed into alternative tokens, with new HYPE spot products gaining about $72 million a...
Hyperliquid, a crypto derivatives platform, is rapidly growing beyond perpetual futures into pre-IPO trading, prediction contracts, and tokenized real-world assets. This expansion puts it in direct competition with traditional exchanges like CME and ...
The Hyperliquid (HYPE) token surged to a record high of $64.48, supported by $72 million in recent institutional investments from 21Shares, Bitwise, and Grayscale. The platform's unique model uses 97-99% of trading fees to buy back tokens, sustaining...
This week, crypto markets experienced high volatility with notable rallies in altcoins like Audiera (BEAT), NEAR Protocol, and Hyperliquid (HYPE), which saw gains of over 100%, 60%, and 35% respectively. These moves were driven by momentum shifts, te...
