Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download

Hyperliquid's $HYPE token hits $70, boosting market cap past $14B amid regulatory and institutional support.

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

Hyperliquid's native token, $HYPE, surged to an all-time high of $70, pushing its market capitalization above $14 billion in 2026. This growth was driven by four main factors: US regulatory approval of perpetual futures by the CFTC, high protocol revenue with minimal staff, aggressive token buybacks totaling over $2 billion, and significant institutional investment including ETF inflows. The CFTC's approval reduces regulatory risks and opens doors for institutional participation, while the platform's efficient operation and buyback strategy support sustained price increases. Institutional capital continues to flow in, further reducing token supply and boosting value.

More News (HYPE)

Hyperliquid's HYPE token hits $67 as US approves Bitcoin perpetual futures trading

Hyperliquid's HYPE token hits $67 as US approves Bitcoin perpetual futures trading

Hyperliquid's HYPE token surged to a record $67 following US Commodity Futures Trading Commission approval of Bitcoin perpetual futures trading, boosting open interest to $2.9 billion. The platform leads global decentralized app revenue with $55 mill...

Market News
Bullish
4 hours ago
Crypto funds shift from Ethereum and Solana to Hyperliquid, reshaping market rankings.

Crypto funds shift from Ethereum and Solana to Hyperliquid, reshaping market rankings.

Investor funds are moving out of major altcoins like Ethereum and Solana, with Ethereum losing over $115 billion and Solana shedding more than $50 billion in market cap this year. Meanwhile, Hyperliquid (HYPE) has surged over 170%, doubling its marke...

Market News
Bearish
6 hours ago
Bitwise sees Hyperliquid tapping a $600T market, beyond crypto, with strong ETF inflows.

Bitwise sees Hyperliquid tapping a $600T market, beyond crypto, with strong ETF inflows.

Bitwise CIO Matt Hougan believes Hyperliquid (HYPE) targets a $600 trillion global asset market, far beyond the $3 trillion crypto sector. The BHYP ETF, launched in May, has attracted nearly $60 million, marking one of the most successful crypto ETF ...

Market News
Bullish
15 hours ago
Hyperliquid price hits new highs amid strong demand and profit-taking by early holders.

Hyperliquid price hits new highs amid strong demand and profit-taking by early holders.

Hyperliquid (HYPE) surged past $67, reaching new all-time highs as strong buyer demand absorbed supply despite profit-taking by early investors. One major holder realized about $95 million in gains but still controls significant tokens, limiting supp...

Market News
Neutral
21 hours ago
Bitwise CIO says Hyperliquid's $60M ETF launch is biggest since Bitcoin, sees it targeting $600T asset market.

Bitwise CIO says Hyperliquid's $60M ETF launch is biggest since Bitcoin, sees it targeting $600T asset market.

Bitwise CIO Matt Hougan praised Hyperliquid's spot ETF (BHYP), which raised nearly $60 million since its NYSE debut, calling it the strongest single-asset crypto ETP launch since Bitcoin. He described Hyperliquid's HYPE token as a 'Gen 2' token due t...

Market News
Bullish
22 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App