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Hyperliquid's HYPE token hits new high near $76.70 amid ETF buying and rising platform activity.

Protocol Fundamentals
16 Jun 2026
Crypto news
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Bullish
pluang ai news

Hyperliquid's HYPE token surged to an all-time high of $76.70 driven by ETF-related purchases, notably Bitwise's $5.2 million buy for its new ETF, rising platform activity, and a wave of short liquidations. The platform's SpaceX perpetual futures saw $1.2 billion in weekly volume, helping Hyperliquid capture 8.3% of global perpetual futures open interest. The protocol's buyback-and-burn program, fueled by trading fees, continues to reduce supply and support demand. Technical indicators suggest further upside potential, with key resistance levels ahead near $91.9. Regulatory support for perpetual futures also adds positive momentum. This rally highlights growing investor interest and platform usage despite recent token unlocks.

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