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Hyperliquid (HYPE) hits $70.36, with forecasts to surpass Solana's market cap this bull cycle.

Market News
01 Jun 2026
Blockonomi
View Source
Bullish
pluang ai news

Hyperliquid (HYPE) reached a new high of $70.36 driven by strong buying from major investors and institutional interest, including a $3.12 million purchase by a large wallet. Former BitMEX CEO Arthur Hayes predicts HYPE will surpass Solana's market cap, targeting a price above $215. The protocol has also repurchased over $1.16 billion in tokens, supporting demand, while ETFs like Grayscale's staking ETF and Bitwise's BHYP have boosted visibility and investment. This momentum suggests continued bullish sentiment and significant growth potential for HYPE in the current market cycle.

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