Hyperliquid's HYPE logged double-digit gains on the day, as ETF demand outpaced the token's supply reduction mechanism.
Bitcoin BTC$77,281.05, ether (ETH), XRP (XRP), solana (SOL) and other top 10 coins have had a tough time lately, with each falling at least 2% in the past seven days. Still, there is always a bull market somewhere, and several crypto sub-sectors have chalked up impressive gains.
HYPE, the token of the decentralized blockchain and cryptocurrency exchange Hyperliquid, has been going against the wider digital assets grain in the last week of trading with a remarkable 49.62% rally to $58.47 – inches away from a new all-time high (ATH).
HYPE's rally toward $60 is flashing both breakout potential and pullback risk as ETF inflows, whale buying, and a major short squeeze collide.
HYPE is up 101% YTD while bitcoin is down 12%, with ETF inflows hitting a single-day record of $25.5 million on Wednesday, 17 times the daily token burn.
Hyperliquid has overtaken Solana on a fully diluted valuation basis, according to Arkham, adding a new market marker to one of crypto's most closely watched comparisons: the rise of application-heavy, revenue-generating chains. Arkham summarized the move directly on X, writing: “Hyperliquid has flipped Solana by FDV.
After a wallet purportedly connected to Grayscale amassed more than $10 million worth of tokens through major trading firms and OTC desks, Hyperliquid's native token, HYPE, is experiencing one of its biggest rallies in months.
Hyperliquid's HYPE token has surged to the $56 level, registering an 18.5% increase over the trailing 24-hour period and a remarkable 120% gain throughout 2025, based on CoinGecko market data.
Hyperliquid's surge highlights the volatile nature of DeFi markets, where rapid gains can quickly reverse, impacting investor sentiment and market stability. Hyperliquid poised to break all-time high as trading activity surges.
Bankless has been looking past the usual “partnership announcement” narrative and instead focused on what the new Hyperliquid (HYPE), Coinbase (COIN), and Circle (CRCL) deal could realistically change for USDC. In its latest write-up, the outlet argues the collaboration is more than public relations, especially at a time when stablecoin momentum has started to pick up but the deeper numbers have not shifted as quickly as some investors might expect.
The asset is beating key crypto peers, while Futures data suggested that buyers may be in control.
Hyperliquid's rapid valuation rise highlights potential volatility and decentralization concerns, impacting trust and stability in crypto markets. Hyperliquid surpasses Solana in fully diluted valuation.