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.
U.S. spot bitcoin ETFs have experienced 13 consecutive days of outflows, shedding $4.37 billion since mid-May, with total assets dropping from $104.29 billion to $82.83 billion. Ether, Solana, and XRP ETFs have also joined the outflow trend, reversin...
Hyperliquid's HYPE token recently climbed above Solana's price, reaching a record high near $75.4 while Solana fell to its lowest since late 2023. Despite a broader market downturn affecting major cryptocurrencies like Bitcoin and Ethereum, HYPE gain...
Hyperliquid's HYPE token has overtaken Solana (SOL) in price amid Solana's drop to its lowest level since 2023. This price change reflects a shift in market sentiment, with HYPE gaining momentum while Solana faces challenges. Market watchers see the ...
Macro analyst Alex Krüger labeled most cryptocurrencies as a 'failed asset class' due to poor value, founder sell-offs, meme coin losses, and rising DeFi hacks. However, he identified four exceptions worth owning, including Hyperliquid, which returns...
Grayscale introduced a Hyperliquid Staking ETF (ticker HYPG), allowing traditional investors to access Hyperliquid (HYPE) without dealing with crypto exchanges or on-chain processes. This move taps into existing institutional interest, as earlier HYP...
