Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download

Hyperliquid nears record high at $59.06, wiping out $36.5M in shorts amid strong market rally.

Market News
21 May 2026
Bitcoin
View Source
Bullish
pluang ai news

Hyperliquid (HYPE) surged to $59.06, just shy of its all-time high of $59.33 from 2025, pushing weekly gains close to 50% and briefly lifting its market cap above $14 billion. The rally liquidated $36.5 million in short positions, reflecting strong buying momentum fueled by a new revenue framework linking income to deposits and Coinbase's role in treasury management. Demand was also boosted by recent ETF launches, though critics warn of a potential bubble and caution about upcoming token unlocks for the development team. The token's growth highlights a strategic shift aiming for stability and increased institutional interest, but risks remain from market volatility and supply unlocks.

More News (HYPE)

Hyperliquid's HYPE token jumps 49% in a week on strong ETF inflows and institutional demand.

Hyperliquid's HYPE token jumps 49% in a week on strong ETF inflows and institutional demand.

Hyperliquid's native token HYPE surged nearly 49% in seven days, reaching around $57.6, driven by strong institutional inflows following the launch of U.S. spot ETFs that attracted over $54 million. The rally was fueled by short liquidations, automat...

Market News
Bullish
4 hours ago
Institutional buying and staking boost Hyperliquid's HYPE token amid strong ETF demand.

Institutional buying and staking boost Hyperliquid's HYPE token amid strong ETF demand.

Hyperliquid's HYPE token has attracted significant institutional interest, with wallets linked to Grayscale, Galaxy Digital, and a16z accumulating and staking millions of HYPE tokens worth tens of millions of dollars. This buying activity coincides w...

Market News
Bullish
5 hours ago
Hyperliquid surpasses Solana in valuation, leading in crypto revenues and signaling a shift to revenue-focused blockchains.

Hyperliquid surpasses Solana in valuation, leading in crypto revenues and signaling a shift to revenue-focused blockchains.

Hyperliquid has overtaken Solana in fully diluted valuation (FDV), reaching about $54.57 billion compared to Solana's $54.22 billion, driven by its $790 million revenue, surpassing Solana, Ethereum, and Tron. This milestone highlights a market shift ...

Market News
Bullish
5 hours ago
Hyperliquid's HYPE nears all-time high amid major institutional buying and ETF launches.

Hyperliquid's HYPE nears all-time high amid major institutional buying and ETF launches.

Hyperliquid's token HYPE has surged nearly 119% year-to-date, reaching $58.9 and approaching its September 2025 record high. Institutional investors including Grayscale, Galaxy Digital, and a16z-linked wallets have been actively accumulating HYPE, wi...

Market News
Bullish
6 hours ago
Cryptocurrency prices show mixed movements with Bitcoin near $77K and notable gains in altcoins like HYPE and ZEC.

Cryptocurrency prices show mixed movements with Bitcoin near $77K and notable gains in altcoins like HYPE and ZEC.

Cryptocurrency prices are fluctuating with Bitcoin trading slightly down at around $77,179. Several altcoins show gains, including HYPE up 15.49% and ZEC up 12.07%, indicating selective investor interest. Stablecoins remain steady near their pegged v...

Market News
Bullish
6 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App