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HYPE token hits $74.67, surpassing Solana; ETFs attract $136M in 3 weeks amid Bitcoin outflows

Market News
04 Jun 2026
Blockonomi
View Source
Bullish
HYPE token hits $74.67, surpassing Solana; ETFs attract $136M in 3 weeks amid Bitcoin outflows

The HYPE token from Hyperliquid surged to a new high of $74.67, overtaking Solana's SOL token in price for the first time. This rise is supported by the launch of Grayscale's HYPG ETF alongside two other U.S.-listed HYPE ETFs, collectively drawing over $136 million in net inflows within three weeks. While Bitcoin ETFs saw $396 million in withdrawals recently, capital appears to be shifting towards HYPE and similar assets. Hyperliquid's platform also recorded a record 6.63% share of the global perpetual futures market in May, with over $62 billion in trading volume. Analysts, including CoinShares, forecast HYPE could reach $147 by 2031 due to its buyback system and growing market adoption.

More News (HYPE)

XRP, Zcash, Hyperliquid, and Shiba Inu fall below late-September highs, testing key support levels amid crypto pullback.

XRP, Zcash, Hyperliquid, and Shiba Inu fall below late-September highs, testing key support levels amid crypto pullback.

Cryptocurrencies XRP, Zcash, Hyperliquid (HYPE), and Shiba Inu (SHIB) have declined from their late-September highs as of October 12, with prices approaching critical support levels. XRP dropped from about $1.66 to near $1.395, with support at $1.35 ...

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Market News
Neutral
1 day ago
Hyperliquid boosts token buybacks with new USDC reserve earnings, supporting HYPE despite recent price drop.

Hyperliquid boosts token buybacks with new USDC reserve earnings, supporting HYPE despite recent price drop.

Hyperliquid has enhanced its token buyback strategy by adding earnings from USDC reserves to its Assistance Fund, which buys back HYPE tokens using exchange revenue. Since early October 2026, about 90% of the interest earned on USDC reserves flows in...

Protocol Fundamentals
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Zcash, Hyperliquid, and Monero enter crypto top 10, pushing out Cardano and Chainlink amid market shifts

Zcash, Hyperliquid, and Monero enter crypto top 10, pushing out Cardano and Chainlink amid market shifts

Zcash (ZEC), Hyperliquid (HYPE), and Monero (XMR) have entered the top 10 cryptocurrencies by market value, replacing Cardano (ADA) and Chainlink (LINK). ZEC surged 441%, HYPE 127%, and XMR 77% over the past year, while ADA and LINK fell 61% and 25% ...

Market News
Neutral
1 day ago
Hyperliquid tops $1.4B revenue, spends $1.26B on HYPE buybacks, boosting price outlook for 2026

Hyperliquid tops $1.4B revenue, spends $1.26B on HYPE buybacks, boosting price outlook for 2026

Hyperliquid, a decentralized derivatives protocol, has generated over $1.4 billion in cumulative revenue, with $1.26 billion used to buy back its native token, HYPE. This strong buyback activity supports HYPE's market price and reflects robust demand...

Protocol Fundamentals
Bullish
2 days ago
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