Arthur Hayes is making a high-conviction bet on Hyperliquid, arguing in a new essay that HYPE could climb to $150 by August 2026 even if the broader crypto backdrop stays weak. His case rests on a familiar exchange-token playbook, but updated for a market where decentralized perps, not centralized venues, are increasingly capturing the most valuable trading flow. Why Hayes Thinks Hyperliquid Can Reach $150 Hayes frames Hyperliquid as the standout asset in a sluggish or sideways market because exchanges can keep generating fees regardless of whether prices are rising. In his telling, that matters even more for Hyperliquid because 97% of protocol revenue is used to buy back HYPE from the market. “Hyperliquid, the dominant perp DEX, is the largest revenue-generating project that isn’t a stablecoin,” he wrote. “No other project in all of crypto hands as much money back to token holders as Hyperliquid.” His target implies roughly a 5x move from about $30 at the time of writing. To get there, Hayes says Hyperliquid would need to lift 30-day annualized revenue to $1.4 billion, a level he says the platform previously reached in August last year. His model also assumes the market will rerate the token from around 12 times earnings to roughly 25.2 times, still below or near the range he cites for major traditional exchange names. Related Reading: Apollo Crypto Explains Why Hyperliquid Is Its Top Altcoin Holding A large part of the thesis is that Hyperliquid does not need an overall expansion in crypto derivatives activity to grow. It only needs to keep taking share from centralized exchanges. Hayes argues that a 3.97 percentage-point increase in market share would be enough for Hyperliquid to return to that $1.4 billion annualized revenue run rate. The engine for that next leg, in his view, is HIP-3, Hyperliquid’s permissionless perpetuals listing framework. Users who stake 500,000 HYPE can launch markets using the platform’s matching and margin engine, and Hayes points to early traction in silver, gold, the Nasdaq 100 and the S&P 500. “In only four months, HIP-3 volumes account for close to 10% of total Hyperliquid revenues,” he wrote. “Permissionless listings were always the holy grail of DEXs, and the rapid growth in trading volumes proves this is how Hyperliquid will differentiate itself from the pack.” That is why his model assumes HIP-3 revenue rises 160% over six months. He also flags HIP-4, which he says should enable permissionless prediction markets, as a possible upside kicker not included in the base case. Competition is the main objection Hayes tries to neutralize. He argues that headline volumes across perp DEXs can be distorted by wash trading, points farming and other incentives, making raw volume a poor measure of real usage. Related Reading: Next “Binance Killer”? Hyperliquid Now Dominates DeFi Derivatives, New Report Shows His preferred metric is ADV-to-OI, or average daily volume relative to open interest, because open interest requires real capital to be posted. On that basis, he says Hyperliquid has the most “real” volume among the top five perp DEXs. He also says order-book snapshots for Bitcoin perps showed Hyperliquid was usually the cheapest place to execute size once slippage was included. Hayes also spend time on token supply overhang, another issue that had made him tactically bearish late last year. He notes that the team distributed close to 20% of awarded tokens in November and December, but only about 1% in January and February. “With that out of the way, the team drastically reduced distributions in order to help HYPE rebound,” he wrote, while acknowledging that this part is speculative. Even his stress case stays constructive. Hayes says that if the market only pays a 12x earnings multiple and the team receives 9.91 million HYPE per month, but revenue still recovers to $1.4 billion annualized, the token would still be worth about $58, or roughly 75% above current levels. At press time, HYPE traded at $33.237. Featured image created with DALL.E, chart from TradingView.com
Bitcoin is slipping to a seven‑day low as oil is screaming higher on Iran war fears. But the real action is unfolding somewhere else entirely: Hyperliquid, where a new class of traders is turning to its tokenised oil perps. Hyperliquid And Its Oil Perps At The Center Of The Oil Panic As the Iran war scare and Strait of Hormuz risk ignite a fresh oil panic, Brent crude has ripped to about 118–119 dollars a barrel, its highest level since 2022. Over the weekend and into Monday, Bitcoin did not act as a crisis hedge: it dropped as much as roughly 2.4% to around $65.6k, a seven‑day low, even as oil exploded higher. In this context, on‑chain, traders rotated into Hyperliquid’s tokenised oil perpetuals, where crude surged about 18% in a week and contract volume and open interest jumped more than 18x and 5x as conflict headlines hit. Related Reading: WAR Token Explodes 100%, Then Crashes 20% In Sudden Sell-Off “Pandora’s Box Is Open” The fears that stem from the current geopolitical chaos do not know or care about Wall Street’s business hours. Our convulsed times seem to finally have outgrown TradFi, as traders search for alternatives to act as fast as their unrest demands. Jung Hyunsun, CEO of Hyperliquid treasury firm Hyperion DeFi, told DL News that the “Pandora’s box is open”. As traders run into tokenised oil perps, Jung believes that: The narrative around onchain financial services is changing. He points out that tokenised traditional assets like oil, metals and currencies have made up as much as 30% of Hyperliquid’s daily volume during peak periods, turning the DEX into a direct venue for macro trades rather than a “DeFi casino”. Jung adds that, while pseudonymous accounts make it hard to quantify, more traditional finance desks are quietly using Hyperliquid for hedging and price discovery, echoing comments from Coinbase’s Kenny Chan and CF Benchmarks’ Gabe Selby about the surge in tokenised asset trading. Related Reading: 43% of Bitcoin Supply Is In Loss As Market Nears Bear Territory What This Means For Bitcoin As Iran war jitters are forcing Bitcoin to trade like any other high‑beta risk asset, with flows rotating into gold rather than BTC during the first leg of the conflict, Hyperliquid and similar derivatives DEXs now blur the line between “DeFi casino” and full‑stack macro venue, letting traders express views on war, energy, FX and crypto from the same on‑chain interface. For Bitcoin, the question is no longer just “Is it digital gold?” but: Is it losing its monopoly on the crypto‑macro narrative to infrastructure layers that move faster and list anything, from barrels and basis trades to outright war risk? The irony, however, its apparent: all this activity hasn’t saved the native HYPE token, which still trades just over 30 dollars, nearly 50% below its September high. HYPE's price trends to the downside on the daily chart. Source: HYPEUSD on Tradingview Cover image from ChatGPT, HYPEUSD chart from Tradingview
Apollo Crypto has made Hyperliquid its largest altcoin position, with head of research Pratik Kala arguing that the protocol stands apart not only because of its product-market fit, but because its token design and expanding market structure give traders something few crypto venues currently offer: usable, revenue-linked infrastructure. In comments shared via X, Kala described Hyperliquid in unusually direct terms. “Hyperliquid is our biggest altcoin position in the fund. Why? Because it is phenomenal. The product works,” he said. For Apollo, the case appears to rest on two pillars: the exchange’s traction as a trading venue, and a token model Kala framed as cleaner and more transparent than much of the industry’s recent experimentation. He contrasted Hyperliquid’s buyback structure with the more convoluted token systems that defined earlier market cycles. “The tokenomics is refreshing. It uses 97 to 99%, depending on how you want to calculate it, of all the revenues to buy back its token in a very transparent manner. No governance mumbo-jumbo. No, you know, a token feeding into some other token and some dynamic inflation, burning, minting stuff that has destroyed many people’s capital and brains, to be frank, over the last few years.” Related Reading: Next “Binance Killer”? Hyperliquid Now Dominates DeFi Derivatives, New Report Shows That framing is central to Apollo’s thesis. Kala’s argument is not simply that Hyperliquid has momentum, but that it has paired a working product with a token accrual model that traders can actually follow. In a sector where valuation stories often hinge on future governance or vague utility, he presented Hyperliquid as comparatively straightforward: trading activity generates revenue, and that revenue feeds token buybacks. He also pointed to adoption trends. According to Kala, “a lot of the volumes are going there,” while market makers and funds are increasingly using the platform. He argued that Hyperliquid has been superior “in many, many ways,” particularly in how it handles new listings, pre-markets and other product extensions. A major part of the bullish case, though, is HIP-3, which Kala said is already opening up tradable opportunities outside the usual crypto schedule. He described a weekend trade tied to news that OpenAI had secured a contract after Anthropic would not allow its AI technology to be used by the Department of Defense. Because the development broke while traditional markets were closed, Kala said most market participants were effectively stuck on the sidelines. “Personally, I made 50%. How? Because HIP3, OpenAI, Anthropic were both trading on HIP3,” he said. “Liquidity is not fantastic, but OpenAI went up 50% on the weekend. Anthropic was static, could have expected that you could have taken a spread trade where you can short Anthropic and long open AI. Do it on HIP3, you can make money, you can generate alpha.” That example gets to the broader point Apollo is making. HIP-3 is not being pitched merely as another product vertical, but as a venue where traders can express event-driven views in assets that are normally inaccessible when news breaks. Kala said the market now includes private-market trading as well as listed equities and commodities such as oil, gold and silver on weekends. Related Reading: Hyperliquid (HYPE) Eyes Native Token Issuance With Latest Upgrade Plan He offered one data point to show early traction: during a recent silver mania, HIP-3 briefly accounted for 1% to 2% of global silver volumes, despite having launched only around a month to six weeks earlier. For Kala, that signals not retail novelty but serious engagement from hedge funds, sophisticated investors and active portfolio managers looking for round-the-clock execution. He added that HIP-3 revenues are split 50-50 between deployed markets and Hyperliquid, with Hyperliquid’s share feeding back into HYPE buybacks. From Apollo’s perspective, that strengthens the flywheel rather than diluting it. Kala also flagged what could come next. He said HIP-4, focused on prediction markets and options, could push the platform further, while regulatory shifts in the US may eventually open a path for a KYC-compliant version there. Competition exists, he acknowledged, including from rival platforms such as Lighter. But in Apollo’s view, Hyperliquid has already done something harder than launching a new venue: it has captured trader attention, liquidity and, increasingly, loyalty. At press time, HYPE traded at $30.485. Featured image created with DALL.E, chart from TradingView.com
Hyperliquid (HYPE), one of the largest decentralized exchanges (DEXs) in the crypto sector, is preparing a significant upgrade that could reshape how new projects launch tokens on its platform. The proposal, known as HIP-6, introduces a framework designed to enable permissionless, on-chain token launches without relying on the off‑chain capital-raising methods that many teams currently use. New Hyperliquid Proposal Details of the proposal were shared on social media by James Evans of Reciprocal Ventures. According to Evans, HIP-6 establishes a permissionless token launch auction for new HIP-1 assets, specifically tailored for teams seeking to issue tokens directly on Hyperliquid. The system adapts Uniswap’s continuous clearing auction model to function within Hyperliquid’s central limit order book (CLOB) environment, allowing token launches to occur natively within the exchange’s infrastructure. Related Reading: Jane Street Faces New Lawsuit: Trump Media Calls For Federal Investigation At present, while HIP-1 and HIP-2 already allow permissionless token deployment and automated liquidity provisioning, gaps remain in capital formation and price discovery. Teams launching tokens on Hyperliquid often need to secure funding off chain, manually provide their own liquidity to seed HIP-2 pools, or release tokens into relatively thin order books. These limitations have meant that, despite its technical strengths, Hyperliquid has not yet reached feature parity with other high-performance ecosystems and exchanges when it comes to initial token offerings. HIP-6 is designed to close that gap, though participation will remain optional for projects. By integrating capital raising and liquidity seeding into a single on-chain flow, the proposal aims to simplify the process for founders. Funds raised during the auction would be split automatically between the token deployer and liquidity provision through HIP-2, reducing operational friction and reliance on external arrangements. Auction Structure And Ecosystem Growth A core component of the proposal is its approach to price discovery. Instead of a one‑time auction vulnerable to timing strategies, HIP-6 uses a continuous clearing auction that unfolds over multiple blocks. This structure is intended to determine a fair market price while minimizing the “sniping” and last‑minute bidding behavior often seen in traditional token launches. The upgrade also seeks to strengthen the broader ecosystem around Hyperliquid. By creating utility for aligned quote assets, HIP-6 could contribute to higher total value locked (TVL) in those assets and generate yield for the platform’s Assistance Fund. Related Reading: Circle Tops Q4 Revenue Forecasts, Shares Surge 30% — Key Numbers Inside While HIP-6 addresses how new tokens raise funds and establish initial liquidity, it does not dictate how those tokens create long-term value or how their governance systems operate. Mechanisms such as revenue sharing, buybacks, staking rewards, treasury oversight, or voting rights would remain up to individual projects. Similarly, tokenholder protections—such as treasury lockups, on-chain transparency requirements, or vesting schedules affecting both buyers and team allocations—would need to be built on top of the HIP-6 framework. The proposal’s stated objective is to make the initial auction process as efficient and equitable as possible, leaving post-launch design choices to the creativity of the Hyperliquid community. At the time of writing, HYPE, the platform’s native token, was trading at $27.430, representing a 3% drop over the previous 24 hours. Featured image from OpenArt, chart from TradingView.com
HYPE, the price ticker often used for the Hyperliquid ecosystem token (HYPE), has been under pressure in recent sessions as broader market weakness intersects with profit-taking and technical sell signals. Related Reading: Bitcoin Giant Awakens: 2,043 BTC Moved After 7-Year Slumber While on-chain activity and exchange metrics point to growing market share for the Hyperliquid decentralized exchange (DEX), the token’s price has dipped toward critical support levels, prompting questions about whether $25 can hold as a floor. HYPE's price moving sideways following an uptick on the daily chart. Source: HYPEUSD on Tradingview HYPE Price Weakness Meets Broader Market Trends As of the latest data, Hyperliquid (HYPE) is trading around $28.6, down from recent highs and roughly 51% below its all-time peak recorded in September 2025. The 24-hour trading volume remains elevated at over $285 million, suggesting active participation even amid the decline. In the short term, technical indicators have shown bearish momentum, with resistance forming above current levels and support zones near $24–$26, making this range a focus for traders gauging near-term risk. Investors have pointed to leverage flushes and large position liquidations as catalysts for downward pressure in recent sessions. Earlier reports flagged concentrated selling from leveraged casts that sent ripples through perp markets, contributing to price swings across derivatives tokens, including HYPE. DEX Growth and Exchange Share Gains Despite price softness, fundamental usage metrics for the Hyperliquid protocol tell a different story. Across 2025, Hyperliquid’s notional trading volume reached approximately $2.6 trillion, nearly double the $1.4 trillion processed by Coinbase, one of the largest centralized exchanges, according to analytics firm Artemis. The significant growth in the trading volume suggests that traders are increasingly allocating activity to on-chain venues, particularly those offering decentralized perpetual futures. Further supporting this trend, Hyperliquid’s permissionless perpetual markets (HIP-3) recorded a $5.2 billion daily trading volume, driven in large part by precious metal contracts such as silver. What’s Next for Hyperliquid’s Support Levels? The juxtaposition of strong underlying volume and a weakening token price underscores the complexity of the current selloff. If selling pressure persists, the $25–$26 zone will be critical to watch; a breach could expose lower support near $22. Conversely, stabilization above this range could shift sentiment toward accumulation, especially if broader market conditions improve. Related Reading: BlockTower’s Ari Paul: Bitcoin May Never Hit Another All-Time High In a market where exchange usage and on-chain activity are becoming as important as price alone, HYPEUSD’s ability to consolidate at key levels may prove decisive for its next directional. Cover image from ChatGPT, HYPEUSD chart on Tradingview
A volatile trading session on February 5 offered a clear example of how quickly narratives can diverge in the crypto market. While most large-cap assets moved lower amid regulatory uncertainty and heavy liquidations, Hyperliquid’s HYPE has posted a 6.2% gain following news of its integration with Ripple’s ecosystem. Related Reading: Bitcoin Crash To $72,000 Signals Major Reset: On-Chain Metrics Deteriorate At the same time, XRP extended its decline by 10%, weighed down by broader market pressure rather than project-specific developments. The contrast underlined how selective optimism can emerge even during a broad sell-off, especially when tied to infrastructure upgrades or ecosystem expansion. HYPE's price trends to the downside on the daily chart after recording some gains. Source: HYPEUSD on Tradingview HYPE Rallies After Ripple Integration Hyperliquid’s price moved higher, up 4.23%, after confirmation that the platform had integrated Ripple’s technology stack, a step aimed at improving interoperability and settlement efficiency. Market participants appeared to interpret the move as a practical enhancement rather than a speculative announcement, helping HYPE outperform a largely bearish market. The rally came despite worsening sentiment across the sector. Bitcoin traded near $71,000 after a sharp pullback, and total crypto market capitalization fell more than 6% on the day. Against that backdrop, HYPE’s gains stood out as traders rotated into assets linked to near-term network developments rather than macro-driven trades. While trading volumes in HYPE increased following the announcement, the move remained relatively contained, suggesting measured positioning rather than a surge of speculative leverage. XRP Slips as Market Weakness Dominates XRP, by contrast, declined alongside other major altcoins. The token fell close to 11% over 24 hours, tracking losses in Ethereum, Solana, and BNB as risk appetite faded. The drop occurred even as Ripple-related developments supported other parts of the ecosystem, underscoring how broader market conditions continue to outweigh individual catalysts for large-cap tokens. The sell-off was amplified by derivatives activity. Falling open interest and a rise in forced liquidations across centralized exchanges added to downside momentum, particularly for assets with high leverage exposure. XRP’s move appeared more sentiment-driven than fundamental, reflecting the day’s defensive tone. Broader Market Context Remains Fragile The divergence between HYPE and XRP played out as investors reacted to stalled discussions around a US crypto market structure bill and ongoing debates over stablecoin regulation. These issues contributed to a spike in volatility and more than $800 million in liquidations, mostly from long positions. Meanwhile, institutional positioning continued to shift. Grayscale’s recent decision to remove Cardano from its CoinDesk Crypto 5 ETF in favor of BNB reinforced the focus on liquidity and market depth, a theme that continues to shape capital flows. Related Reading: Are We Near A Bitcoin Bear Market Bottom? History Offers A Framework Hyperliquid’s rally indicates that targeted integrations continue to attract interest, despite weakness in the wider crypto market. Its durability, however, will depend on genuine adoption rather than sentiment alone. Cover image from ChatGPT, HYPEUSD chart on Tradingview
The company will provide collateral for the writing and settling of HYPE options and then earn revenue on premiums and fees.
Hyperliquid has broken ranks with the broader digital asset market, posting a massive double-digit rally while Bitcoin and other major altcoins like XRP suffer from the bear market. According to CryptoSlate's data, Hyperliquid's HYPE is one of the crypto market's top performers over the past two weeks, jumping roughly 71% to a high of $35, […]
The post Hyperliquid flips the bear market script with a 71% surge while trillions vanish from global risk trades appeared first on CryptoSlate.
The Hyperliquid price is seeing renewed bullish momentum, recording double gains over the last week and bucking the broader crypto market downtrend. This comes thanks to bullish fundamentals in the token’s ecosystem, including a rise in open interest on the decentralized exchange (DEX). Why The Hyperliquid Price Is Rising The Hyperliquid price is up over 58% in the last seven days, outpacing the broader crypto market as Bitcoin trades just below the psychological $90,000 level. This price surge has come on the back of a rise in Hyperliquid’s HIP-3 open interest. The DEX announced in an X post that open interest reached an all-time high of $790 million, driven recently by a surge in commodities trading. Related Reading: XRP, HBAR, And Litecoin: Pundit Highlights Coins To Watch In 2026 The exchange added that HIP-3’s open interest has been hitting new all-time highs each week, after being just $260 million a month ago. HIP-3 enables anyone to launch a custom perpetual market for crypto, commodities such as gold and silver, and other assets such as stocks. Thanks to this upgrade, the DEX is seeing increased trading activity, which has led to a surge in the Hyperliquid price. Notably, the Hyperliquid price has benefited from the precious metals boom, with the silver perpetuals market on the DEX seeing massive trading activity. CoinGecko data shows that the Silver perpetuals market is the third-largest traded in the last 24 hours, behind Bitcoin and Ethereum, with a trading volume of just over $1 billion. In an X post, Hyperliquid’s co-founder Jeff Yan noted that the DEX has achieved an important milestone of becoming the most liquid venue for crypto price discovery in the world. This came as he highlighted the order books for BTC perps on Binance and his DEX. He added that Hyperliquid has also grown to become the most liquid venue for perps on traditional-finance (TradFi) assets. Little Selling Pressure And Huge Buying Pressure For HYPE In an X post, Hyperliquid stakeholder Henrik noted that the Hyperliquid price is also rising as major selling pressure is gone. On the other hand, HYPE is seeing significant demand, including from digital asset treasuring companies such as Hyperliquid Strategies. He further highlighted the imminent Kraken HYPE listing, which is also bullish for the token. Meanwhile, Henrik stated that Hyperliquid dominates all trading metrics, including volume and open interest. Related Reading: Here’s Why The Bitcoin, Ethereum, And Solana Prices Are Still Crashing Hard The increase in the DEX’s trading activity is also significant and bullish for the Hyperliquid price, as the majority of fees earned on the protocol are directed to the Assistance Fund, which is used to buy back HYPE tokens on the open market. DeFiLlama data shows that the DEX is currently among the top five protocols by fees generated over the last 24 hours. At the time of writing, the Hyperliquid price is at around $34, up over 27% in the last 24 hours, according to data from CoinMarketCap. Featured image from Medium, chart from Tradingview.com
HYPE has surged 30%, outperforming bitcoin, ether and the CoinDesk 20 index by a big margin.
After a tumultuous conclusion to 2025, characterized by heightened volatility and the impactful October 10 crypto crash, Hyperliquid (HYPE), one of the market’s largest decentralized exchanges (DEXs), faced significant challenges as it entered 2026. With less than two weeks remaining in January, market research firm GLC released an interesting report assessing Hyperliquid’s current standing and evaluating its recovery metrics. Post-October 10 Downturn The report highlights that Hyperliquid’s trading volume and open interest suffered a considerable decline following the liquidation event on October 10, marking the onset of a downtrend for the platform. Since that date, trading volume has decreased by 44.3%, dropping from $10.17 billion to $5.66 billion. Open interest has also experienced a decline of 35.7%, falling from $14.75 billion to $9.48 billion. However, there are signs of recovery. Notably, since December 1, 2025, trading volume on the platform has seen a slight decrease of 3.2%, while open interest has surged by 45.6%. Related Reading: Is A New XRP Price Record Imminent? Analyst Forecast Colossal Short Squeeze Ahead Year-to-date metrics reveal a more optimistic picture: trading volume has increased by 59.2%, rising from $3.56 billion to $5.66 billion, and open interest has grown by 24.7%, going from $7.60 billion to $9.48 billion. While open interest has started to recover since the October event, trading volume has not rebounded at the same rate. This disparity has caused the volume-to-open interest (OI) ratio to decline from 0.90 on December 1 to 0.60 as of mid-January, likely due to decreased market volatility, which has dampened trading activity. Despite these challenges, there is a positive trend indicating that traders are beginning to open larger positions on Hyperliquid, and the recovery in volume on a year-to-date basis is promising. The report suggests that open interest is a more reliable indicator of trader confidence and long-term positioning, while trading volume tends to be influenced by broader market conditions. Although current metrics remain below pre-October 10 levels, the trend indicates that recovery is underway. Will 2026 Mark A Surprising Resurgence For Hyperliquid? The recent volume and open interest data are said to be bullish, with the 7-day average volume increasing by over 130% year-to-date, primarily driven by one active deployer, XYZ, which accounts for roughly 80% of that volume. The 7-day average open interest has also risen by more than 60%. Moreover, Hyperliquid is regaining market share from centralized exchanges (CEXs) as seen in the chart below, with its open interest currently representing about 14.6% of Binance’s, gaining momentum against platforms like Bybit and OKX. Related Reading: Ethereum Poised For $4,000 Breakout? Expert Pinpoints On-Chain Triggers For Potential Rally Another key factor that could further contribute to the platform’s recovery this year is the rollout of portfolio margin. Currently live on testnet, this feature will enable traders to borrow and lend against their collateral, unlocking numerous new use cases. Historical evidence from other exchanges, such as Bybit, suggests that introducing portfolio margin can be a significant growth catalyst, potentially translating to a substantial increase in trading volume for Hyperliquid. Overall, core metrics are gradually improving, and several catalysts lie ahead, such as the growing adoption of equity perpetuals and the introduction of portfolio margin. GLC’s report asserts: …If improving market conditions are combined with the catalysts outlined above, and potentially another S3 season bringing in new traders, Hyperliquid will surprise the market once again. At the time of writing, the platform’s HYPE token is trading at around $21.84. This represents a significant 9% retracement within the last 24 hours alone, placing the altcoin 63% below its all-time high of $59.30. Featured image from OpenArt, chart from TradingView.com
Hyperliquid is consolidating its lead in on-chain derivatives, even as falling volumes elsewhere highlight the limits of incentive-driven growth.
Cantor Fitzgerald, one of the world’s leading asset management firms, has released an in-depth report highlighting the promising future of the decentralized exchange (DEX) Hyperliquid (HYPE). The 62-page analysis predicts significant growth for both the platform and its native token over the next decade, painting a bullish outlook for investors. Hyperliquid As ‘The Exchange Of All Exchanges’ As detailed in the report, Hyperliquid operates as a decentralized exchange specializing in trading perpetual futures and is built on a custom layer-1 blockchain. Currently, HYPE has a fully diluted market cap of approximately $15.8 billion. Year-to-date (YTD) 2025, the platform has generated an impressive $874 million in fees from a staggering $2.947 trillion in trading volume. Related Reading: Bitcoin Bottom Forecast: Top Expert Predicts $40,000 Target Next Year, Here’s The Analysis A key feature that makes HYPE particularly attractive, and highlighted in the report, is its unique fee structure: approximately 99% of all fees generated by the protocol are allocated to repurchasing and burning the underlying token. This mechanism not only supports the value of HYPE but also reduces its circulating supply. In early 2025 alone, about 2.6% of all HYPE tokens expected to be in circulation, or roughly 5% of the current supply, were repurchased and burned. With the anticipation of new product launches, Cantor Fitzgerald views HYPE as “the exchange of all exchanges” and believes there’s a realistic path for annual fees to soar to $5 billion within the next decade. Why Market Dynamics Favor HYPE When it comes to the platform’s native token, HYPE has successfully captured considerable market share and emerged as one of the standout products in the cryptocurrency space over the past year. In addition to perpetual trading, Hyperliquid has launched spot trading and HIP-3 markets, enabling users to create new markets for a variety of assets including stocks and commodities. Cantor Fitzgerald’s report emphasizes that the immediate determinant of HYPE’s market price will hinge on industry sentiment regarding competition. The ability of emerging rivals to challenge HYPE and affect its fee-generating capacity is paramount. However, the report argues that current fears surrounding competition may be overstated. It posits that “point tourists”—those who shift from platform to platform seeking incentives—are likely to return to the platform offering the deepest liquidity and best execution, which, according to Cantor Fitzgerald, is Hyperliquid. A mere 1% increase in market share from CEX competitors in the perpetuals sector could translate to approximately $600 billion in trading volume. Based on existing perpetual fee rates, this could result in an additional $272 million in annual fees. By applying a conservative 25x valuation multiple to these fees, the potential market capitalization would rise to $6.8 billion. HYPE Price To Reach $271? Assuming moderate share gains over the next decade—projecting around 17% in perpetual trades and 18% in spot trading—Hyperliquid’s annual fees could surpass the $5 billion mark. A conservative valuation multiple of 25x, this would suggest a future market capitalization of approximately $125 billion. Given that nearly all generated fees will be used to repurchase HYPE tokens, a large portion of the circulating supply could potentially be bought back by the time the platform reaches these fee levels. With a forecasted expansion of the fully diluted market cap from roughly $15.8 billion today to $125 billion in the future, combined with a declining supply of HYPE tokens, the projected share price is poised to increase at an even faster pace. Related Reading: XRP Price Forecast: Key Factors That Could Propel It To $3 In Early 2026 If 20% of the Hyperliquid token float is repurchased—valued at around $3.5 billion today—the report suggests that the HYPE price could reach $271 at a fully diluted valuation of $125 billion. The projections suggest that if HYPE captures just 1% of the market share annually and maintains consistent trading volumes from CEXs, the price of HYPE could grow substantially. By year 10, the asset manager believes that circulating supply could decrease from 577.2 million to approximately 144.9 million, while the market cap could remain around $16.1 billion based on conservative fee estimates excluding spot and HIP-3 revenues. At the time of writing, Hyperliquid’s native token is trading at $26.49, having recorded major losses of almost 32% over the past month. This represents a 55% gap from the current trading levels and the all-time high of $59.30. Featured image from DALL-E, chart from TradingView.com
Cantor says Hyperliquid is trading infrastructure, not speculative DeFi, with HYPD and PURR offering exposure to fees, buybacks, and CEX share gains.
Hyperliquid’s native token, HYPE, is staging a surprisingly strong recovery just hours after the platform recorded one of the largest liquidation events in crypto history. Related Reading: 4 Bitcoin Indicators That Led To Market Rallies In The Last 2 Years Have Returned According to CoinGlass data, a massive $96.5 million BTC-USD perpetual contract liquidation hit Hyperliquid late Monday, part of a broader market washout that wiped out over 164,000 traders and triggered $814 million in total liquidations across exchanges. HYPE's price records some gains on the daily chart. Source: HYPEUSD on Tradingview Despite the carnage, Hyperliquid price has surged by 6% in the past 24 hours, climbing back above $41 on Tuesday and extending the rebound that began after defending the critical $36.51 support level last week. Whale Accumulation, Rising OI, and Strengthening On-Chain Metrics A wave of bullish catalysts is supporting the Hypeliquid price rebound. CryptoQuant data shows increasing whale activity, with large wallets steadily accumulating during recent dips. Exchange outflows have increased, active large addresses are expanding, and the average transaction size continues to rise. On the derivatives side, sentiment has clearly flipped. Coinglass reports that HYPE’s OI-weighted funding rate turned positive, hitting 0.026%, signaling that long traders are now paying shorts, an indication of bullish conviction. Open interest has also increased from $1.52B to $1.71B, indicating new capital entering the market and reinforcing upward momentum. Across pairs, HYPE is outperforming majors including BTC, ETH, SOL, and BNB, with analysts noting strong higher-lows structures developing on multiple charts. This relative strength suggests capital rotation is leaning toward Hyperliquid even as the broader crypto market cools. Technical Structure Points Hyperliquid Price Breakout Target at $48–$54 From a technical standpoint, the Hyperliquid price is consolidating within a symmetrical triangle, with the price being squeezed between rising support and descending resistance. Each compression cycle has produced higher lows, evidence that buyers are quietly gaining control. Momentum indicators echo this shift. The RSI has climbed to 48 and is turning upward toward neutral territory, while MACD histogram bars are shrinking, indicating fading bearish pressure. If the Hyperliquid price breaks above the $40–$41 diagonal resistance, analysts see a clear path toward the $44.48 zone. A confirmed breakout from the symmetrical triangle could then open the door to mid-range targets at $48 and $54, aligning with predictions from multiple market analysts tracking the ongoing consolidation. Related Reading: Bitcoin’s Drop Under $90K Sparks Bold Claims From Crypto Execs: ‘This Is A Generational Opportunity’ With whale accumulation rising, market structure tightening, and community sentiment firmly bullish, HYPE stands out as one of the few assets maintaining coordinated strength during a period of market-wide uncertainty. Cover image from ChatGPT, HYPEUSD chart from Tradingview
The HYPE price has rebounded sharply, recovering from recent volatility that saw a $44 million whale liquidation earlier this week, which rattled traders. After plunging to around $36, the HYPE price surged over 7% in the past 24 hours, now trading around $40 as bullish sentiment returns. Related Reading: 84% Of XRP Sell Pressure Comes From Korea As $2 Looms, Analyst Warns The rally follows its landmark listings on Binance and Coinbase, a move that has sparked renewed confidence in the fast-rising DeFi Layer 1 network. According to on-chain data from Coinglass, funding rates have flipped positive while whale accumulation has increased. Analysts suggest the next HYPE price target could be the $51.15 resistance level if buying pressure continues, with RSI levels slowly trending toward neutrality after oversold readings. The comeback supports Hyperliquid’s resilience despite high-leverage trading risks exposed by the whale’s massive loss. Binance and Coinbase Listings Spark Institutional Momentum The simultaneous listings of HYPE on Binance and Coinbase have been pivotal for the recovery. Both exchanges introduced major trading pairs like HYPE/USDT and HYPE/BTC, dramatically improving global liquidity and accessibility. This dual-listing marks Hyperliquid’s official transition from a niche derivatives protocol into a mainstream DeFi contender, attracting both institutional and retail traders. Institutional interest has also accelerated following reports that BlackRock and Fidelity are exploring integrations of Hyperliquid’s oracle feeds into upcoming ETF products. Although no official confirmation has been issued, analysts view this as strong validation of Hyperliquid’s underlying technology, which is known for its sub-millisecond transaction speeds and hybrid consensus that combines proof-of-stake with zero-knowledge proofs. Technical Outlook: Signs of a Broader HYPE Price Revival Technically, the HYPE price structure is showing early signs of recovery after testing key support around the 200-day EMA, near $38. If momentum holds, analysts expect a push toward $51.15, where the next major resistance sits. HYPE's price records small profits on the daily chart. Source: HYPEUSD on Tradingview Meanwhile, daily active addresses have doubled in the past week, and Hyperliquid’s total value locked (TVL) has climbed over 150% since late October, evidence of sustained ecosystem growth. Related Reading: Valuation Model That Puts XRP Price Above $18,000 Stuns Community With funding rates turning positive and exchange inflows rising, traders anticipate that HYPE may regain its prior highs sooner than expected. While the whale’s $44 million loss remains a cautionary tale of leverage gone wrong, the market’s swift rebound suggests confidence in a further HYPE price surge. Cover image from ChatGPT, HYPEUSD chart from Tradingview
Bitget Wallet’s integration with HyperEVM, the Ethereum-compatible smart contract layer powering the Hyperliquid Layer-1 blockchain, has ignited strong momentum across the DeFi sector. Related Reading: Dogecoin Whales Quietly Accumulate Over 320 Million Coins — What’s Coming Next? The update expands Bitget’s reach to over 80 million users, granting seamless access to Hyperliquid’s deep onchain liquidity, programmable finance features, and cross-chain transfers. The move effectively transforms Bitget Wallet into a major gateway for $HYPE token utilities, staking, and governance. With Hyperliquid’s Total Value Locked (TVL) now surpassing $5 billion, the Layer-1 network continues to attract institutional capital and DeFi builders, strengthening its status among top-performing decentralized platforms. HYPE's price trends to the upside on the daily chart. Source: HYPEUSD on Tradingview Hyperliquid (HYPE) Price Action: Bulls Eye a $50 Breakout After a stunning 110% rebound since mid-October, Hyperliquid (HYPE) is trading around $47–$49, nearing its all-time high of $59. The bullish structure follows a breakout from a descending wedge pattern, supported by surging on-chain volume and staking rewards totaling over $90 million this month. Technical indicators reveal a classic bull flag formation, with analysts projecting a breakout toward the $52–$55 zone if momentum holds above $48. The Money Flow Index (MFI) remains elevated at 63, indicating continued inflows and sustained investor confidence. However, failure to clear resistance could trigger short-term retracement toward $44 support before the next leg up. Buybacks and On-Chain Revenue Fuel Long-Term Strength Beyond price action, Hyperliquid’s fundamentals remain strong. The project generated over $111 million in fees over the past 30 days, ranking third among all DeFi protocols by revenue. Its new $644 million Assistance Fund Buyback program is reducing circulating supply, now 336 million HYPE, providing strong tokenomic support for long-term holders. Meanwhile, the HIP-3 upgrade, which allows new perpetual markets through staked HYPE, is drawing institutional builders and tokenized futures products. With $1.5 trillion in cumulative trading volume and dominance in decentralized derivatives, Hyperliquid’s ecosystem continues to expand even amid growing competition from Binance-backed Aster. Related Reading: Bitcoin Poised For New Run Beyond $125,000? Nasdaq’s Record Recalls 2021 BTC Pattern If bullish momentum persists and HyperEVM adoption accelerates, analysts suggest HYPE could reclaim $55 and test new highs above $60 in the coming weeks, cementing Hyperliquid’s reputation as one of DeFi’s most profitable and innovative ecosystems. Cover image from ChatGPT, HYPEUSD chart from Tradingview
The near-$100 spike on rival DEX Lighter wasn’t whale activity but an automated trading error that exposed the challenges of maintaining transparency and usability on decentralized exchanges.
HYPE has reignited bullish sentiment across the crypto market after a sharp 11.91% daily surge pushed the Hyperliquid price above the 200-day simple moving average (SMA) to $39.02. Related Reading: 16,000 Ancient Bitcoins Just Moved—And It’s Costing Whales Billions The rally follows renewed investor optimism fueled by institutional participation and aggressive whale activity. Traders are now watching the $41.76 resistance level, a breakout point that could confirm a full trend reversal. Having reclaimed the key 61.8% Fibonacci level at $35.84, the Hyperliquid price is showing resilience amid broader market volatility, with volume spikes reflecting rising demand for exposure ahead of upcoming corporate milestones. $1B Fundraising and Public Listing Plans Spark Institutional Excitement The catalyst behind the rally stems from Hyperliquid Strategies Inc.’s recent S-1 filing with the U.S. Securities and Exchange Commission (SEC), detailing plans to raise up to $1 billion through a 160 million-share public offering. The funds are set to support ecosystem expansion and HYPE token accumulation, further bridging decentralized finance (DeFi) with traditional markets. The entity, formed from a merger between Nasdaq-listed Sonnet BioTherapeutics and Rorschach I LLC, intends to become a publicly traded crypto treasury management firm under the Hyperliquid umbrella. Analysts see this move as a major step toward institutional legitimacy, with parts of the proceeds earmarked for token buybacks and staking operations. HYPE's price trends to the upside on the daily chart. Source: HYPEUSD on Tradingview How the Developments Will Affect the Hyperliquid Price The merger and $1 billion fundraising are expected to drive a lasting bullish impact on the Hyperliquid price. Confidence is already rising as the token climbs above key resistance levels, signaling growing institutional trust ahead of the planned Nasdaq listing. With open interest peaking above $2 billion, traders anticipate continued upside as whales accumulate leveraged longs. Buyback and staking plans may further tighten supply, supporting upward pressure on the Hyperliquid price. Related Reading: Last-Ever Bitcoin Dip Below $100,000 Looms This Week, Standard Chartered Warns A decisive close above $41.76 could confirm a new rally phase, positioning Hyperliquid as a leading bridge between DeFi and traditional finance. Cover image from ChatGPT, HYPEUSD chart from Tradingview
Hyperliquid (HYPE) has had a turbulent week as the broader altcoin market faces intense selling pressure. After weeks of steady growth, the token is now testing key support levels, with bulls struggling to regain control. Despite the ongoing correction across the crypto landscape, sentiment around Hyperliquid remains mixed — while traders brace for more downside, some optimistic analysts see potential for recovery in the coming weeks. Related Reading: The Bitcoin OG Is Back – Opens Massive Short After $30M USDC Deposit According to fresh data from CryptoQuant, whales are going long on HYPE, signaling renewed confidence among large investors even as retail sentiment weakens. These whale moves often mark the early stages of a rebound, especially when they occur during heightened volatility. Analysts note that such positioning can indicate that smart money is preparing for a potential market reversal, or at least for a relief rally once selling pressure cools off. Still, the short-term outlook remains uncertain. With the market environment dominated by fear and liquidity thinning out, Hyperliquid’s price action in the coming days will be critical in determining whether it can hold its current support zone or if another leg down awaits. For now, all eyes are on whale behavior — and what it might be signaling next. Big Players Bet on a Hyperliquid Rebound Altcoin data analyst Kate Young Ju shared fresh insights into Hyperliquid’s futures market, revealing that the average order size has significantly increased, signaling that large investors — or “big players” — are positioning for a potential price surge. According to the data, institutional-scale orders have become more frequent over the past week, a clear indication that market participants with deep capital are starting to take calculated long positions despite the ongoing volatility. This comes after a remarkable year for Hyperliquid, which has rapidly emerged as one of the most innovative decentralized perpetual exchanges in the market. Built on its own high-performance Layer 1, Hyperliquid has attracted both traders and liquidity providers through features like zero gas fees, fast settlement, and native HYPE staking rewards. Since its early 2025 rally, the protocol has seen exponential growth in trading volumes and community engagement, solidifying its position among top DeFi derivatives platforms. The rise in futures order size reflects growing confidence that HYPE may recover from its recent drawdown. Historically, such activity often precedes a reversal, as whales and sophisticated traders tend to accumulate during market uncertainty. This accumulation phase suggests a potential shift in momentum — where smart money is preparing for the next leg up while retail sentiment remains cautious. If Hyperliquid’s price action stabilizes and macro conditions improve, this whale-driven accumulation could act as the foundation for a strong rebound phase. However, analysts warn that a lack of follow-through from retail traders or a broader crypto selloff could still dampen short-term momentum. For now, the data paints a compelling picture: big players are quietly betting that Hyperliquid’s story isn’t over — it might just be entering its next major chapter. Related Reading: XRP DEX Volumes Surge As Price Plunges: Smart Money Accumulating? HYPE Analysis: Testing Key Support After Weeks of Volatility Hyperliquid (HYPE) is currently trading around $35.6, down more than 6% on the day, as the token continues to face heavy selling pressure. The daily chart reveals that HYPE has entered a critical support zone near the 200-day moving average (red line), which sits around $34–$35. This level has acted as a strong base during previous corrections, particularly during April and July, when similar pullbacks led to renewed bullish momentum. Related Reading: Bitcoin Bulls Rely on STH Realized Price Support Cluster: Loss Could Trigger $100K Retest However, price action has weakened notably after failing to reclaim the 50-day moving average (blue line) near $42, turning it into short-term resistance. The series of lower highs and sharp rejections from this zone highlight a market struggling to regain confidence. On a broader view, HYPE remains in an uptrend, but the structure is under pressure. If the token manages to consolidate above $35, it could attract buyers aiming for a rebound toward the $40–$42 area. Conversely, a breakdown below $34 could accelerate losses toward $28, the next significant support level. Featured image from ChatGPT, chart from TradingView.com
During last week’s market downturn that saw HYPE prices plummet towards $20, Hyperliquid reportedly maintained 100% uptime with zero bad debt, as stated by the platform’s founder, Jeff Yan. However, in a post shared on social media site X (formerly Twitter), Yan also raised concerns about certain centralized exchanges (CEXs), suggesting they may have underreported liquidation data during this volatile event. The Liquidation Debate In his remarks, the platform’s founder highlighted that Hyperliquid operates on a blockchain where every order, trade, and liquidation occurs visibly on-chain, allowing anyone to permissionlessly verify the execution of these processes. Related Reading: Bitcoin Weekly Preview: Trump’s Tariff Playbook Is Back — Here’s How To Trade It Yet, Yan identified a troubling trend among some CEXs, which he claims publicly document a drastic underreporting of user liquidations. He took Binance’s example, noting that even when thousands of liquidation orders occur simultaneously, only one is reported due to limitations in its data stream. The platform’s founder asserted that this can obscure the actual volume of liquidations, particularly during high-volatility events like the recent flash crash, leading to a potential underreporting factor of 100 times. In response to Yan’s criticism, Binance former CEO and founder Changpeng Zhao (CZ), addressed the issue, stating, Some people ask why is #BNB so strong? While others tried to ignore, hide, shift blame, or attack competitors, the key @BNBChain ecosystem players (Binance, Venus, and more) took hundreds of millions out of their own pockets to PROTECT USERS. From Binance To Hyperliquid This exchange comes on the heels of a major drop on broader crypto prices last Friday, which saw the Bitcoin (BTC) price drop from $122,000 to $102,000 on exchanges like Binance, leading to the liquidation of over $19 billion in leveraged positions. Amid the chaos, Jeff noted that Hyperliquid reportedly managed a trading volume between $50 and $70 billion without any downtime or disruption. In contrast, Binance faced temporary technical issues that left some users unable to close their positions. Related Reading: Bitcoin Whale Breaks 13-Year Silence, Moves $33 Million To Exchange Hyperliquid’s founder has a history with Binance, having participated in the Binance Labs Investment Incubation Program in 2018. During this period, he, along with co-founder Brian Wong, aimed to develop Deaux, a decentralized prediction market product. Their vision was to create a platform that facilitated collaborative betting within an international liquidity pool using cryptocurrency. Throughout their time in the Binance Incubation Program, they emphasized the importance of user experience while exploring the benefits of decentralization. Their product sought to mirror the user-friendly interface of centralized exchanges like Binance—offering low fees and real-time feedback—while ensuring security through blockchain smart contracts and incorporating decentralized democratic voting for settlement. At the time of writing, HYPE is still recording weekly losses of 14%, with the token trading at around $41.88. However, it has recovered by over 4% in the last few hours, although all-time high levels are still 28% away. Featured image from DALL-E, chart from TradingView.com
Hyperliquid (HYPE) extended its pullback for a fifth straight session on Tuesday, sliding about 6% intraday to the $45–$46 zone after a sharp rejection at a reclaimed trendline. Related Reading: Here’s The Best Time To Buy Bitcoin As Impulse Wave Sets Path To $150,000 While near-term momentum has flipped bearish, several on-chain and market-structure cues still point to a potential rebound toward $55–$60 if buyers can quickly stabilize the price above key supports. Derivatives Tilt Bearish, but Spot Holds the Line Futures positioning has swung defensively, and according to Coinglass, the long-to-short ratio slipped to 0.80, its lowest in over a month, signaling traders are leaning short into weakness. Momentum indicators echo the caution, daily RSI near 45 sits below the neutral 50 line, and MACD registered a bearish cross, both consistent with cooling trend strength. Technically, HYPE failed a back-test of a broken ascending trendline and bled nearly 7% from Friday to Monday, with charts flagging $39–$40 as the next major support if selling accelerates. On the upside, $51–$52 is first resistance, where bulls likely meet clustered supply from recent breakdown levels. Why Hyperliquid (HYPE) Bulls Still See $55–$60 on the Table Despite the red prints, spot activity remains constructive. Hyperliquid has been defending the mid-$40s repeatedly, and prior consolidations above $45–$47 have preceded strong continuation moves. HYPE's price trends to the downside on the daily chart. Source: HYPEUSD on Tradingview Under the hood, token staking north of 660,000 HYPE ($30million) plus systematic buybacks are reducing circulating supply, creating a supportive backdrop when demand returns. Meanwhile, protocol fee revenue around $3million/day underscores durable usage even as new perp-DEX competitors court volume with incentives. Community and analyst “fair-value” chatter continues to cluster around $55–$60, suggesting sentiment will likely flip quickly if price reclaims the short-term breakdown area. Price Levels and Trade Map for the Week The immediate trading point sits in $44–$49. A daily close back above $49 would neutralize the breakdown and open $52, then $55–$60 as momentum targets. Failure to hold $46–$47 invites a retest of $44, with a deeper flush risking the $39–$40 demand zone where dip-buyers may step in. Market internals to watch: if funding stays orderly, liquidations remain contained, and spot-led buying outpaces leveraged shorts, the probability of a V-shaped recovery rises. Related Reading: Is A $10,000 Ethereum Price Within Reach? Here’s What Experts Are Forecasting Next Macro context matters too. Perp-DEX market share is expanding industry-wide, and while rivals (e.g., Aster) have temporarily siphoned volumes, Hyperliquid still commands strong open interest and fee traction, key indicators of stickier liquidity. Cover image from ChatGPT, HYPEUSD chart from Tradingview
The road ahead for Hyperliquid does not look so bright. In fact, the decentralized trading platform could face lots of tribulations, “painful” ones, according to an expert. Related Reading: Bitmine’s Ethereum Appetite Grows With Fresh $70 Million Buy Aster, a new DEX built on the BNB Chain, has grabbed market attention this week after a dramatic price surge and heavy on-chain flows. Traders and observers say the token’s spike has shifted capital away from established rivals, while heated commentary from a high-profile trader has added to the drama. Aster Surpasses Rivals In Volume And Revenue According to on-chain trackers, Aster’s 24-hour perpetual trading volume has climbed into the tens of billions, with figures reported around $23–$30 billion — more than double what Hyperliquid recorded over the same window. Reports have disclosed that the DEX is now pulling in roughly $10 million in daily revenue, a figure that some outlets say is about four times Hyperliquid’s daily take. Trader Claims And A Public Feud Crypto trader James Wynn — a figure known for large leveraged bets and big losses earlier this year — has publicly backed Aster and predicted a long, slow decline for Hyperliquid. Furthermore, CZ will not stop until $ASTER is #1. He loves competition, he loves building and he is obsessed with winning. Hype will exist, but it will have a slow and painful death in my opinion. With Aster already doing more volume than HL. And with Aster being the better… https://t.co/VhncTh28od — James Wynn (@JamesWynnReal) September 24, 2025 Wynn’s comments, carried across social channels, have been part boast and part critique of Hyperliquid’s visible order model. He argued that Aster’s hidden-order and MEV-mitigation features make it a safer place for large players. Based on reports, Wynn said “Hype will exist, but it will have a slow and painful death,” a line that has amplified the rivalry online. Whale Accumulation And Big Withdrawals On-chain analytics show major wallets moving into ASTER. Two large buyers are reported to have picked up about 118 million ASTER, valued at roughly $270 million, which is said to represent about 7% of circulating supply. In the same stretch, a cluster of wallets withdrew 68 million ASTER (about $156 million), and one address moved 50 million ASTER from an exchange. These flows suggest both aggressive accumulation and repositioning by big holders. Aster’s Product Pitch Versus Hyperliquid’s Response Reports emphasize Aster’s features: MEV-free execution, hidden orders that keep limit sizes private, and trading interfaces pitched at both retail and pro users. Related Reading: From $2 Trillion To $400T? CEO Sees Bitcoin Exploding 200x – Here’s More That product story helps explain why some traders are rotating capital. Hyperliquid has not stood still; it has rolled out measures such as a USDH stablecoin and other moves meant to shore up liquidity and product breadth. Market data show HYPE has fallen from recent peaks — with declines reported near 25% from its highs — as money rotated into ASTER. Featured image from SleepApnea.org, chart from TradingView
Decentralized exchange platform Hyperliquid is weighing a sweeping proposal that could reshape its tokenomics. The plan, introduced on Sept. 22 by DBA investment manager Jon Charbonneau and pseudonymous researcher Hasu, calls for a 45% reduction in the total supply of HYPE. Charbonneau and Hasu argue that Hyperliquid’s current setup distorts valuation metrics, leaving the protocol […]
The post Hyperliquid plan to cut HYPE supply by 45% amid $12 billion unlock panic appeared first on CryptoSlate.
Hyperliquid’s native token, HYPE, extended its rally on Thursday, jumping over 8% to trade near $58.77. The move comes after rebounding from its earlier record of $57.40 and places the token just shy of the crucial $60 psychological barrier. Related Reading: From $2 Trillion To $400T? CEO Sees Bitcoin Exploding 200x – Here’s More Driving this surge is the successful integration of USDC and Circle’s Cross-Chain Transfer Protocol (CCTP V2), now live on Hyperliquid’s Ethereum Virtual Machine (EVM). The upgrade enhances liquidity and security across HyperCore and HyperEVM applications, facilitating faster and smoother deposits for DeFi users. Analysts suggest this milestone could attract institutional traders, boosting HYPE’s long-term adoption. Record Revenue Strengthens Investor Confidence Beyond price action, Hyperliquid’s fundamentals are equally impressive. According to Artemis Terminal, the network generated $2.5 million in fees in a single day, surpassing industry leaders like Ethereum and Solana. A Reflexivity Research report confirmed that Q3 was Hyperliquid’s strongest quarter yet, with total fees reaching $250.45 million, net income to token holders amounting to $243.59 million, and a team size of just 11 members. This lean but high-performing setup has fueled optimism that Hyperliquid can continue scaling without losing efficiency. Combined with staking incentives and growing exchange listings, many traders see HYPE as one of the most promising tokens in the current market. Hyperliquid (HYPE)’s Wedge Pattern Raises Caution Despite strong fundamentals, technical analysis suggests caution. On the two-hour chart, HYPE touched $59.36, testing the upper boundary of a rising wedge formation, a pattern often associated with weakening momentum. The Relative Strength Index (RSI) is nearing overbought levels, with bearish divergence forming as price makes new highs without matching momentum. Analysts warn that a rejection at $59.36 could trigger pullbacks to $55 support, with deeper downside targets at $52–$48 if selling pressure builds. HYPE's price trends to the upside on the daily chart. Source: HYPEUSD on Tradingview However, if bulls defend support and confirm strength with a bullish engulfing candle, HYPE could rebound toward $60 and beyond, potentially aligning with Polymarket traders who forecast short-term moves toward $70. Related Reading: BNB Chain (BNB) Smashes $1,000 Milestone for the First Time Ever For now, the line in the sand remains at $59.36. Whether Hyperliquid breaks higher or faces a wedge breakdown will determine if HYPE’s new all-time high transforms into sustained momentum, or just a temporary peak. Cover image from ChatGPT, HYPEUSD chart from Tradingview
Hype has been one of the standout performers in the crypto market this year, sustaining a powerful uptrend since April. Its relentless momentum has drawn the attention of both retail traders and institutions, with many analysts arguing that the token still has room to run as the broader market heats up. The narrative around Hype has been fueled by strong speculative interest and its growing presence in high-volume trading activity, which has made it a favorite among momentum-driven investors. Related Reading: Bitcoin Consolidates Above $115K As Market Eyes Fed’s Sept 17 Policy Move However, questions are starting to surface about whether Hype’s rally is sustainable. Some analysts warn that momentum may be weakening, signaling that a correction phase could be looming. Data from Lookonchain underscores this concern: a whale who bought and staked 2 million HYPE—at an average entry price of $8.68 nine months ago—has now unstaked the position. With the tokens freshly unlocked, speculation is growing that this whale could take profits soon. Whether this move sparks broader selling pressure or the market absorbs it will be critical for Hype’s next phase. Hype Whale Unstakes $107M As Market Awaits Next Move Hype has been one of the most talked-about assets in crypto this year, climbing over 500% in value since April and cementing itself as a market leader in speculative momentum. Now, a major development involving one of its largest holders is capturing attention. According to Lookonchain, a whale who entered the market nine months ago with a massive position has just unstaked tokens worth over $107 million, raising speculation about potential profit-taking in the weeks ahead. The data reveals that nine months ago, this whale deposited $17.4 million in USDC into Hyperliquid through three wallets. From there, he accumulated 2 million HYPE at an average of $8.68, before distributing the tokens across nine wallets for staking. This accumulation has proven to be extraordinarily profitable. Just seven days ago, the whale applied to unstake the position, and 21 hours ago, the tokens were received back in full. With Hype’s current valuation, the stash is worth $107.2 million, translating into a staggering $89.8 million profit in less than a year. This event comes at a pivotal time for Hype. While the token’s explosive rally has kept momentum traders engaged, the size of the whale’s gains points to the likelihood of profit-taking. Whether the broader market can absorb such selling pressure or if it sparks a deeper correction will determine if Hype’s bull run can extend—or if a consolidation phase is next. Related Reading: Bitcoin Spot Trading Volumes Declines To $322B: Market Shifts To HODL Mode Uptrend Faces First Signs of Cooling HYPE has been one of the strongest performers in the market since April, with its chart showing a consistent series of higher highs and higher lows. As of now, the token trades at $52.57, down 2.69% on the day, signaling a modest pullback after a sharp run that recently pushed the price above $56. Despite this decline, the overall structure remains bullish, with price action still well above key moving averages. The 50-day moving average ($45.48) and 100-day moving average ($43.38) are trending higher, providing dynamic support zones that could absorb selling pressure if momentum cools further. Meanwhile, the 200-day moving average ($32.02) remains far below current levels, highlighting the scale of HYPE’s appreciation in recent months. Related Reading: Three Whales Buy $205M Ethereum From FalconX: Institutional Flows Accelerate This correction appears to be a natural cooling phase within an established uptrend, especially after such aggressive gains. If buyers defend the $50–$52 range, HYPE could consolidate before making another attempt at reclaiming the $55–$56 zone. A decisive break above $56 would likely set the stage for further upside continuation. Featured image from Dall-E, chart from TradingView
Stripe-owned Bridge to manage reserves alongside BlackRock, with rollout starting in days.
Crypto analyst Whale Guru has outlined his targets for altcoins on their next massive pump to the upside. He predicted that the Ethereum price would reach as high as $25,000 and expects the XRP price to reach triple digits. XRP Price To Reach $300 As Ethereum Rallies To $25,000 In an X post, Whale Guru predicted that the XRP price would reach $300 as Ethereum rallies to $25,000. He highlighted these price levels as his targets for the next pump to the upside. Meanwhile, the analyst also predicted that SOL would reach $2,000, DOGE would reach $5, SUI would reach $10, HYPE would reach $400, WLFI, and PENGU would both reach $10. Related Reading: XRP Price Confirms Descending Trendline Breakout, Here Are The Targets However, Whale Guru didn’t provide any basis for these ambitious targets for Ethereum, XRP, and the other crypto assets he mentioned. Notably, a rally to $300 for the XRP price represents a 100x increase from its current price. This is one of the largest gains among all the cryptocurrencies, the analyst mentioned. There are several factors that members of the XRP community have alluded to, which could spark massive gains for the XRP price, although the $300 target remains far off. One of these factors includes the imminent launch of the XRP ETFs. Community member Finance Bull recently highlighted the ETFs as what could be the next institutional catalyst for XRP. The ETFs are expected to have a similar impact to the one the Bitcoin and Ethereum ETFs had on BTC and ETH, respectively. Notably, Canary Capital CEO Steven McClurg has predicted that the XRP ETFs could record up to $5 billion in inflows in their first month of trading, which is bullish for the XRP price. He also believes that the XRP ETFs could outperform the Ethereum ETFs. XRP Targets $4.50 As Momentum Builds Crypto analyst CasiTrades has provided a more conservative target for the XRP price, stating that it is targeting $4.50 as the consolidation period ends and momentum builds. In an X post, she revealed that the altcoin has broken out of its months-long consolidation and that confirmation of the breakout is occurring with the test of the $3 level now in play. Related Reading: XRP RSI Remains Bullish As Support Levels Hold, Price Eyes Break Above $3.6 CasiTrades stated that the next areas to watch are $3.08 and $3.27 when the XRP price clears $3. She indicated that the key is for major Fibonacci levels to turn into support, so a breakout to either of those prices will set up a clean backtest to the key Fib levels. These key levels are the .382 support at $3 and the .236 resistance at $3.25. She added that the Fibonacci extensions point toward the $4.50 zone as a breakout target. At the time of writing, the XRP price is trading at around $3, up almost 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com
Stripe-linked proposal draws early validator support despite community pushback.
Lion Group Holding Ltd. (NASDAQ: LGHL), a Singapore-based trading platform operator, has announced a bold shift in its crypto treasury strategy. The company is phasing out its holdings of 6,629 Solana (SOL) and roughly 1 million Sui (SUI) in favor of Hyperliquid (HYPE). Related Reading: Bitcoin Could Hit $150K By Christmas, Analysts Tell Michael Saylor Rather than executing a single large trade, LGHL is adopting a phased accumulation plan designed to manage volatility and secure a better average entry price. The decision comes shortly after LGHL revealed plans to anchor its $600 million treasury in Hyperliquid, positioning HYPE as its primary digital reserve asset. The move aligns with growing institutional interest, as firms seek to diversify into next-generation DeFi tokens with strong revenue growth and trading adoption. HYPE's price trends to the upside on the daily chart. Source: HYPEUSD chart from Tradingview Why HYPE? Hyperliquid’s DeFi Dominance Hyperliquid (HYPE) has rapidly established itself as a leader in decentralized perpetual futures trading, now commanding 70% of the DeFi perps market. In August alone, the platform recorded $383 billion in trading volume, generating a record $106 million in revenue, up 23% from July. Its total value locked (TVL) has surged to $1.75 billion, placing it among the top decentralized exchanges globally. One catalyst for LGHL’s shift is the recent launch of BitGo’s institutional custody services for HYPE in the U.S., offering secure and compliant storage for corporate investors. CEO Wilson Wang described Hyperliquid’s on-chain order book and efficient trading infrastructure as the “most compelling opportunity in decentralized finance.” The pivot reflects a growing trend among Nasdaq-listed firms. Eyenovia, Sonnet BioTherapeutics, and Tony G Co-Investment Holdings have all disclosed significant HYPE allocations, signaling a shift in corporate treasury strategies toward DeFi-native tokens. HYPE Price Surges to All-Time Highs Following these institutional moves, Hyperliquid’s HYPE token has continued its meteoric rise. On September 8, HYPE hit a new all-time high of $51.50, marking a 450% surge since April. Analysts now point to $52 as the next key breakout level, which could trigger further upside momentum if breached. Despite LGHL’s aggressive reallocation, Solana and Sui have shown resilience. At the time of writing, SOL trades around $214, with some analysts forecasting a run toward $300, while SUI has recovered modestly to $3.48. Related Reading: This Bitcoin Cycle Changes Everything, Real Vision Analyst Explains Why The spotlight still remains firmly on Hyperliquid. With industry leaders like Arthur Hayes projecting that HYPE could surge 126x by 2028, the token is increasingly being viewed as one of the most promising assets in the evolving DeFi landscape. Cover image from ChatGPT, HYPEUSD chart from Tradingview