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
After dipping below the $30 mark last week, Hyperliquid (HYPE), the native token of one of the rapidly expanding decentralized exchanges (DEXs), has managed to recover by 2% this Thursday, positioning itself to benefit from this latest upward movement that has seen the leading cryptocurrencies recover key levels. HYPE Poised For A New Rebound Market analyst OxMakeSense has highlighted the potential roadmap for HYPE to reach $50 in the short term, just below all-time high levels of $59, indicating that the token is starting to show the first signs of a significant shift. He emphasizes that the upcoming levels are filled with untouched liquidity, which could facilitate a climb for HYPE. Related Reading: Bitcoin Price Climbs Back To $91,000: Is The Decline Over? Key Levels To Watch Following a month of pressure, the analyst asserted that the asset recently formed its first solid rebound, suggesting that the selling pressure has begun to ease and market reactions are gaining strength. OxMakeSense identifies a crucial checkpoint for Hyperliquid in the $37–$38 price range, marking where the last breakdown occurred. If HYPE can reclaim this level, he suggested that it could lead to a squeeze of “trapped sellers.” Additionally, surpassing the $38 threshold would open up the chart for a direct move toward the $41–$42 range, an area described as “thin” with little major resistance left from prior sell-offs. Analyst Warns Of Potential Retracement To $25 In his social media analysis, OxMakeSense noted that the momentum pivot sits at a significant level of $44. He stated that strong trends typically begin by reclaiming mid-range levels like this one. Should HYPE flip this resistance into support, it is expected to accelerate further. Above $44, HYPE would enter a clearer trajectory, with targets aligning at $48 and ultimately at $50, where a substantial amount of untouched liquidity resides. Related Reading: Metaplanet In Jeopardy: Bitcoin Needs To Surpass $108,000 By December 18 To Prevent New Crisis However, not all analysts share the same bullish outlook. Fellow analyst Crypto TXG has expressed concerns regarding HYPE’s recent performance, pointing out that it lost the $35.8 level and found a temporary bottom near $28.5. While HYPE has reversed the trend, it is currently testing the $35.8 mark from below, which acts as a barrier. If HYPE can break through this resistance, the next target would be $42.3. Conversely, if it fails at $35.8, another pullback could occur, potentially retesting the $28.5 support more decisively. Adding to the cautious sentiment, market expert Ali Martinez has indicated that if the token retests the breakdown zone, there is a possibility it could revisit the $25 mark. This suggests that, despite the recent uptick, a short-term retracement of approximately 28% could be on the horizon. Featured image from DALL-E, chart from TradingView.com
Memecoin POPCAT experienced a significant downturn on Wednesday following a major manipulation event on Hyperliquid (HYPE), one of the leading decentralized exchanges in the cryptocurrency market. POPCAT Faces 43% Drop Following Manipulative Scheme According to a detailed analysis of the situation by DeFi researcher Hanzo on social media site X (previously Twitter), an unknown trader executed a well-coordinated strategy approximately 13 hours prior to the market disruption. The trader withdrew $3 million in USDC from the OKX exchange and distributed the funds across 19 different wallets on Hyperliquid. Subsequently, they initiated sizable long positions on POPCAT, accumulating total exposure estimated between $20 million and $30 million. Related Reading: Bitcoin To Bottom Out In 300 Days: Top Expert Forecasts $38,000 To $50,000 Price Point To create an illusion of demand for the memecoin, the trader placed a massive buy wall at the price point of $0.21, with orders totaling $30 million lined up on the order book. This artificial façade of high buying interest successfully attracted real traders, prompting them to jump on the bandwagon and increase their own buying activity. However, the situation took a swift turn when the trader removed the buy wall without warning, leading to an instantaneous collapse in the price of POPCAT. This shift resulted in the liquidation of all the long positions taken by traders. The unknown trader lost their $3 million collateral, while Hyperliquid’s HLP system automatically absorbed the open positions. This action triggered an additional loss of approximately $4.9 million to the HLP, exacerbating a broader market selloff across the token. Hyperliquid Faces Third Major Disruption This Year In the wake of the incident, the Hyperliquid team took emergency measures to stabilize the market and close any remaining exposures. Shortly after, the platform paused its Arbitrum (ARB) bridge, although it continued processing deposits and withdrawals normally. The community has expressed skepticism regarding the circumstances surrounding this incident, with many suggesting it may not have been a random liquidation. Instead, some believe the event could resemble a deliberate stress test or an attack aimed at destabilizing Hyperliquid’s liquidity system. Some contend that the rapid loss of millions in such a short time frame seems too calculated to be merely coincidental. Related Reading: China’s Cybersecurity Agency Alleges US Government Stole $13 Billion In Bitcoin This incident marks the third major market disruption on Hyperliquid in 2025, raising serious questions about the exchange’s approach to handling liquidity concentration and its systemic risk management practices, as noted by Hanzo in his analysis. Following the manipulation, the POPCAT memecoin saw a steep decline of approximately 43%, dropping from $0.21 to $0.12, with total liquidations reaching around $63 million. The decentralized exchange’s native token, HYPE, also declined significantly following the event. According to CoinGecko data, it is currently trading at $38.25, which is a 7% decrease on the weekly timeframe. Featured image from DALL-E, chart from TradingView.com
Cryptocurrency trading platform Robinhood (HOOD), has recently announced the listing of HYPE, the native token of the decentralized exchange (DEX) Hyperliquid, sparking a new rally for the altcoin, which surged beyond $40 on Thursday, marking an intraday recovery of 13%. $1 Billion For HYPE Token Buyback HYPE, with a market capitalization nearing $11 billion, has emerged as one of the market’s top performers, skyrocketing by 1,000% from its launch price of $10 in December 2024. This growth has been accompanied by an 18% increase in trading volume over the last 24 hours, according to data from CoinGecko. Related Reading: $1.7 Trillion Firm T. Rowe Price Seeks Approval For Crypto ETF Linked To Multiple Tokens The recent uptick in HYPE prices also coincides with Hyperliquid Strategies’ filing with the US Securities and Exchange Commission (SEC) to raise $1 billion for a buyback of HYPE tokens. The company is expected to hold approximately 12.6 million HYPE tokens, valued at around $470 million, along with $305 million in cash reserves designated for additional token purchases. Key Resistance And Support Levels For Hyperliquid’s Price As of now, the HYPE price is trading at approximately $40.54, still 31% below its all-time high of $59 reached earlier this year. Moving forward, key price levels for Hyperliquid include closing the week above $40, which would convert this previous resistance into a short-term support level for potential further increases. Related Reading: Gold Rotation Impact: Bitwise Warns Bitcoin Could Skyrocket To $242,000 To the upside, additional resistance for the HYPE price may be encountered at $42, $46, and $50 before the altcoin can attempt to retest its $59 peak. Conversely, a support floor for Hyperliquid’s short-term price action is anticipated at $35, established over the past week, providing a buffer against potential new declines in price. Featured image from DALL-E, chart from TradingView.com
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
Layer-1 (L1) blockchain Monad has recently opened a portal for users to claim the airdrop for its native MON token, with the claiming period set to end on November 3. However, the announcement has sparked significant criticism within the crypto community. Many users, particularly those on social media platform X (formerly Twitter), have voiced concerns that the criteria for eligibility have not aligned with the developments, leaving several traders, including those from Hyperliquid (HYPE), ineligible for the airdrop. Hyperliquid And HypurrNFT Users Left In The Lurch At the time of the announcement, it was stated that users of Hyperliquid, Phantom perps, and holders of HypurrNFT would be eligible to receive the MON airdrop. Despite this, reports indicate that very few HypurrNFT holders qualify, with some users claiming that their substantial trading volumes—over 200 million on perps—did not meet the eligibility requirements. Related Reading: Hyperliquid Vs Binance: Founders Clash Over Liquidation Transparency These frustrations have led to comments such as, “this airdrop is a joke,” highlighting the disconnect between the expectations set by Monad and the reality faced by its community. According to the outlined criteria, Monad plans to distribute tokens to over 235,500 users, including active community members who have consistently supported the project on social media and engaged in various initiatives. The criteria also encompass traders with high trading volumes on decentralized exchanges like Hyperliquid, long-term holders of popular NFTs (such as CryptoPunks and Pudgy Penguins), participants in DAO voting on Ethereum-based platforms, contributors to ecosystem development through various roles, and developers actively creating products on Monad and participating in project hackathons. Critics Question Monad’s Commitment To Users Critics, including DeFi researcher Coin Metrika, have sharply criticized Monad’s airdrop strategy. Metrika pointed out that the published eligibility criteria shocked many within the crypto community, revealing that only 5,500 wallets are considered eligible—representing just 0.74% of Monad’s Discord users. Related Reading: Tether Resolves Celsius Lawsuit With Major $300 Million Settlement Deal Meanwhile, the project is distributing airdrops to 225,000 addresses outside of its community, many of whom may not even be aware of Monad or the impending claim deadline. In a sarcastic commentary, Coin Metrika summarized the situation, stating: If you haven’t figured it out yet, here’s a summary of #MonadAirdrop criteria: You have roles in Discord that are difficult to obtain—thank you, we’re not interested in you because you’re poor! You participated in our testnet—thank you for helping us test the product for free, which we sold to investors for a lot of money. Dressed up in clown costumes and shot viral videos to promote the @monad brand—thank you, we laughed out loud at you. You have money that you’ve shown on the blockchain—let’s be friends, here’s your airdrop! This highlights the increasing dissatisfaction within the Hyperliquid, HypurrNFT and wider crypto communities regarding how Monad has handled its airdrop initiative, raising questions about its commitment to its users. At the time of writing, HYPE trades at $39, recording losses of 13% over the past seven days. Featured image from DALL-E, 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
Circle Internet Financial (CRCL), the firm behind the USDC stablecoin, has announced a significant investment in Hyperliquid (HYPE), a layer-1 blockchain that has experienced high demand this year. Circle’s Strategic Move Into Hyperliquid As part of this initiative, Circle has launched Native USDC and Cross-Chain Transfer Protocol (CCTP V2) on HyperEVM, an Ethereum Virtual Machine (EVM) integrated into Hyperliquid’s layer-1 blockchain. This move is expected to streamline the adoption of USDC and enhance its utility. Plans also include enabling direct deposits and ensuring CCTP interoperability for Hyperliquid USDC on HyperCore, a platform that specializes in on-chain financial operations. Related Reading: Crucial Ten Days Ahead For Crypto: Will They Ignite Mega Altcoin Season? Circle’s announcement further revealed that it has become a direct stakeholder in Hyperliquid. The stablecoin issuer is also considering becoming a Hyperliquid validator, which would strengthen its position within the network. Hyperliquid also boasts nearly $6 billion in USDC, which is a little over 8% of Circle’s total USDC supply. These deposits would reportedly generate approximately $250 million in annual interest for partners such as Circle and Coinbase (COIN). Jeremy Allaire, Circle’s CEO stated on X (formerly Twitter): Don’t Believe the Hype. We are coming to the HYPE ecosystem in a big way. We intend to be a major player and contributor to the ecosystem. Happy to see others purchase new USD tickers and compete . Hyper fast native USDC with deep and nearly instant cross chain interoperability will be well received. HYPE Token Hits New All-Time High The blog post further asserted that the integration of Native USDC onto HyperEVM—and the upcoming support from HyperCore—promises to enhance the capital efficiency of transactions within the Hyperliquid ecosystem. This initiative is said to allow developers and users to transact seamlessly across the crypto economy, making it easier for fintech firms and other service providers to leverage USDC. Circle’s investment in Hyperliquid is just the beginning as the company plans to introduce incentive programs for builders working on HyperEVM, aiming to stimulate innovation and collaboration. The blog post concluded: We’ve simply been blown away by the growth and success of Hyperliquid over the last year, and as we’ve gotten to know Jeff and team, and many of the major emerging builders in the ecosystem, it’s very clear that this is something incredibly unique and special. Circle is here. We’re investing. We’re thrilled to be supporting this incredible community. Related Reading: Analyst Raises Red Flags On Bitcoin Price: Allegations Of Market Manipulation According to CoinGeko data, HYPE has surpassed a market capitalization of $14 billion, surging over 1,500% since its inception and debut on December 1, 2024. As of this writing, the price of Hyperliquid’s native token has retraced toward $53 after reaching a new all-time high of $57 last Friday. Circle’s stock, on the other hand, which recently debuted on the Nasdaq, is trading at $135 per share — a nearly 55% drop compared to its all-time high of over $298. However, relative to its IPO price of $64, the stock has gained 157%. Featured image from DALL-E, chart from TradingView.com
Hyperliquid has quickly become a main character in the crypto space after it became the leading decentralized finance (DeFi) exchange for perp trading. As its popularity has grown, so has the price of its native HYPE token. This has seen it rally even at a time of bearish divergence in the crypto market, moving up by more than 50% in one week to reach new all-time highs. Factors Driving The Hyperliquid Price The main driver behind the Hyperliquid price pushing to new all-time highs has been the rise in attention being paid to the platform. As crypto investors are pivoting toward more decentralized platforms for their perpetual trading activities, HYPE’s mindshare has grown exponentially over the last few months. Related Reading: Is The Bitcoin Rally Over After $111,900 ATH? Global M2 Money Supply Is Still Going This rising interest translated to a major surge in the platform’s trading volume over the last few weeks. Most notable were the billion-dollar bets placed by James Wynn, who has quickly risen to become the most popular crypto trader on Hyperliquid. His trades garnered the interest of thousands, putting more eyes on the platforms as onlookers stood by to see the outcome of his trades. In particular, over the last week, the platform recorded its highest weekly volume since it was launched, reaching $78.672 billion in trading volume between May 11 and May 18, 2025. Daily trading volumes have also not been left out, consistently crossing the $2 billion mark daily. Its highest daily trading volume yet was recorded on May 21, 2025, with $17.731 billion trade on the platform. Cumulatively, the Hyperliquid platform has reached $1.156 trillion in volume in three years of operation, DefiLlama data shows. Other major developments that the platform has seen is the rise in the open interest. The platform celebrated a new all-time high after open interest crossed the $10.1 billion mark on the platform. The amount of USDC locked on the platform also climbed to $3.5 billion, with $5.6 million in fees generated in only a 24-hour period. In one week, the platform was able to generate over $22 million in fees alone. Related Reading: XRP Price Consolidates In Tight Bullish Compression Pattern, Why $5 Is Possible On its own, the HYPE price is still showing a lot of bullish momentum despite already rising 50% in one week. Daily trading volumes crossed $460 million on May 26, according to data from CoinMarketCap. Crypto whales have been especially active during this time, as Lookonchain reported three whales spending $5.33 million to buy HYPE on Monday. With volumes rising and prices going up, it suggests that a lot of the volume is actually from buyers. If this buying pressure continues, then it is likely that the price sees further upside before putting in a correction. Featured image from Rigzone, chart from TradingView.com