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Hyperliquid's HYPE token surges 11% as top cryptos like Bitcoin and Ethereum stall.

Market News
29 May 2026
UToday
View Source
Bullish
pluang ai news

Hyperliquid's native token HYPE gained over 11% in the past day, outperforming major cryptocurrencies such as Bitcoin, Ethereum, Solana, and XRP, which showed minimal gains. Despite a general decline in derivatives trading volume for top cryptos, HYPE's trading volume rose nearly 14% with a 15% increase in open interest, indicating strong trader interest. Technically, HYPE broke above key resistance levels and maintains a bullish trend supported by positive moving averages and strong buying momentum. This surge highlights growing investor confidence in Hyperliquid, which is also gaining attention outside the crypto community for its rapid growth potential.

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