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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 hits new all-time high above $75, signaling possible rise to $100 amid volatile market conditions.

Hyperliquid hits new all-time high above $75, signaling possible rise to $100 amid volatile market conditions.

Hyperliquid (HYPE) recently surpassed its previous all-time high, reaching above $75, marking it as one of the best-performing cryptocurrencies this year. This breakout is a strong bullish signal, often leading to rapid price gains due to lack of res...

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9 hours ago
HYPE ETF inflows rise despite Hyperliquid venue shutdown risks impacting price and liquidity.

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HYPE spot ETFs have seen steady inflows since their May 2026 launch, reaching $185.68 million by early June, signaling strong institutional demand. However, operational risks loom as key trading venues like Hyperliquid face shutdowns, which can disru...

Market News
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13 hours ago
Bitcoin steadies near $65,800 as altcoins rally ahead of Fed rate decision.

Bitcoin steadies near $65,800 as altcoins rally ahead of Fed rate decision.

Bitcoin held steady near $65,800 with a slight 0.3% drop over 24 hours but gained 7.4% for the week as investors shifted focus to altcoins. Uniswap's UNI surged 22.5% after a bullish price target from Standard Chartered, while other altcoins like Hyp...

Market News
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Bitcoin remained stable around $65,800 ahead of the Federal Reserve's first rate decision under new Chair Kevin Warsh, gaining 7.4% over the week. Meanwhile, altcoins saw strong gains with Uniswap's UNI jumping 22.5% after Standard Chartered set a $1...

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