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.
The HYPE token experienced a significant 12% increase in value within 24 hours, reaching approximately $75. This surge brings the token very close to its all-time high, signaling strong investor interest and momentum. Products from Bitwise, 21Shares,...
While Bitcoin and most cryptocurrencies stalled, Hyperliquid's HYPE, Uniswap's UNI, and Worldcoin's WLD tokens posted strong double-digit gains. Hyperliquid benefits from growing interest in onchain exchanges and a partnership with Coinbase, while Wo...
Hyperliquid (HYPE) has rallied strongly to retest its all-time high of $76, driven by the launch of three U.S.-listed ETFs and improved market sentiment following the end of the U.S.-Iran conflict. Trading volumes surged 140% to $2 billion, reflectin...
Crypto analyst Kevin Capital forecasts the next cryptocurrency bull cycle will surpass the previous one, with altcoins set to outperform Bitcoin after years of lagging behind. He notes that macroeconomic shifts, including the end of the Federal Reser...
On June 16, the digital asset HYPE surged over 11% to a record high of $76.90, recovering from a recent dip to $53. This rally was driven by Hyperliquid's active buybacks and increased trading volume, especially after the SpaceX IPO, which highlighte...
