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HYPE token hits new all-time high above $67, market cap tops $14B amid rising trading and buybacks.

Protocol Fundamentals
31 May 2026
Blockonomi
View Source
Bullish
pluang ai news

The Hyperliquid HYPE token surged past $67, reaching a market capitalization over $14 billion, driven by increased trading activity and ongoing token buybacks. The platform's daily trading volume recently exceeded that of BNB, highlighting growing user engagement and liquidity. Over 45 million HYPE tokens have been removed from circulation through buybacks, strengthening market demand. Whale profit-taking occurred, but investor confidence remains strong as the project plans to expand with a new prediction market initiative.

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