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 highlighted Hyperliquid's efficient market execution. Despite this, analysts warn that upcoming large token unlocks could challenge the current buying pressure. HYPE's market cap neared $17 billion, making it the 10th-largest crypto asset, while the price surge triggered $11.5 million in short position liquidations.
Hyperliquid's native token, HYPE, has surged to a new all-time high of around $75, up from lows near $4 in late 2024. This rise reflects growing market confidence and increased trading volume, with a 51% chance projected for HYPE to reach $100 by the...
Hyperliquid's HYPE token reached a new all-time high of $75.96 amid heavy trading in SPCX-USDC, a perpetual futures contract that tracks SpaceX's implied valuation. Since its launch in May, SPCX has seen over $100 million in open interest, driven by ...
Cryptocurrency markets display varied price changes, with Bitcoin holding steady around $66,418, showing a slight 0.05% decrease. Ethereum rises by 2.3%, while other coins like Binance Coin and Cardano experience declines. These fluctuations reflect ...
On June 15, U.S.-listed spot altcoin ETFs saw focused inflows primarily into Hyperliquid, XRP, and Solana products, indicating concentrated investor interest rather than broad market participation. Hyperliquid ETFs led with $17.19 million in net infl...
Three ETFs tracking Hyperliquid's HYPE token have generated nearly $900 million in trading volume and $153 million in net inflows since their May launch. These ETFs, issued by 21Shares, Bitwise, and Grayscale, reflect growing institutional interest i...
