Hyperliquid's HYPE token reached a new all-time high of $75.96 amid heavy trading in SPCX-USDC, a perpetual futures contract that tracks SpaceX's implied valuation. Since its launch in May, SPCX has seen over $100 million in open interest, driven by speculation around a potential SpaceX IPO. Hyperliquid uses trading fees to buy back and burn HYPE tokens, removing over $1.1 billion from circulation, supporting the token's value. However, risks remain from reliance on a single contract and regulatory uncertainty, as the SEC may scrutinize synthetic securities like SPCX futures in the future.
Hyperliquid's native token, HYPE, has surged to a new all-time high of around $75, up from lows near $4 in late 2024. This rise reflects growing market confidence and increased trading volume, with a 51% chance projected for HYPE to reach $100 by the...
Cryptocurrency markets display varied price changes, with Bitcoin holding steady around $66,418, showing a slight 0.05% decrease. Ethereum rises by 2.3%, while other coins like Binance Coin and Cardano experience declines. These fluctuations reflect ...
On June 15, U.S.-listed spot altcoin ETFs saw focused inflows primarily into Hyperliquid, XRP, and Solana products, indicating concentrated investor interest rather than broad market participation. Hyperliquid ETFs led with $17.19 million in net infl...
Three ETFs tracking Hyperliquid's HYPE token have generated nearly $900 million in trading volume and $153 million in net inflows since their May launch. These ETFs, issued by 21Shares, Bitwise, and Grayscale, reflect growing institutional interest i...
Hyperliquid (HYPE) has gained for six consecutive days, nearing $70 with a 3% rise on Tuesday, driven by $17.19 million inflows into HYPE ETFs—the strongest in over a month. ETF assets under management surged from $173 million to $209 million, reflec...
