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Hyperliquid's HYPE token surges 7% amid $90M a16z buy and a major USDC revenue deal.

Market News
19 May 2026
Blockonomi
View Source
Bullish
pluang ai news

Hyperliquid's native token HYPE gained about 7% in 24 hours, driven by a $90.87 million purchase by an a16z-linked wallet and a strategic partnership with Coinbase and Circle. This deal allows Hyperliquid to capture up to 90% of USDC reserve revenue, potentially generating $135–$160 million annually. Technical analysis shows a bullish cup-and-handle pattern suggesting a possible 55% price rise to $71–$72. Bitwise will use 10% of its BHYP ETF fees to buy HYPE, supporting token demand and buyback mechanisms. These developments position HYPE as a strong performer amid broader crypto declines and could boost Hyperliquid's ecosystem significantly.

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