Bitwise and Grayscale led withdrawals. The funds had $431 million in net assets as of press time.
Bitwise head of research Ryan Rasmussen says investors underestimate institutional adoption of NEAR and HYPE as ETFs, token buybacks and network activity grow. Bitwise head of research says investors underestimate institutional adoption of NEAR and HYPE.
The total exceeds the listed figures for Pump and Tron. The metric does not establish that token holders received cash payments.
Hypercall, an exchange built on Hyperliquid, says most of its $640 million in volume since June has come from the index.
The stablecoin revenue-sharing mechanism accounts for 26.96% of Hyperliquid's total revenue. Perpetual trading fees remain the largest source, at more than 66%.
Its PUMP token had a circulating market value of $2.325 billion, about one-eighth of Hyperliquid's HYPE value. The platforms have different business models.
A Hyperliquid whale is taking profits on a bet that has paid off more than 20 times over. The wallet bought 257,928 HYPE tokens ago at just $3.5 per token, which cost approximately $903,000 in total.
Papertrade is the latest onchain derivatives platform that's making moves. It went live on HyperEVM, Hyperliquid's smart contract layer, on October 10.
Hyperliquid's Assistance Fund has purchased more than 48 million HYPE tokens for approximately $1.36 billion, yet the token has fallen nearly 5% in 24 hours. HYPE trades near $81.20, with technical support around $80.26 and resistance between $83 and $85.
Elon Musk's Grok AI predicts that Hyperliquid (HYPE) could reach $1,500 by January 1, 2027, assuming a full-blown crypto bull market returns and a landmark catalyst turbocharges it. HYPE currently trades near $80–$82 as of October 13, 2026, and a run to four figures would mean around 20x returns from current levels.
The perpetuals venue Papertrade launched on October 10 with leverage of up to 1,000 and drew its execution prices from the Hyperliquid order book. One trader moved the Ether price there by around three dollars and took between $1.28 million and $1.54 million out of the liquidity pool, according to several trade publications.
HYPE price has fallen nearly 5% to around $81.20 over the past 24 hours despite Hyperliquid's Assistance Fund having spent $1.36 billion buying more than 48 million tokens. Hyperliquid News reported on Oct.