HYPE has been one of the most compelling stories in crypto since its launch in November 2024. While the broader market has faced sustained selling pressure and most assets have struggled to hold meaningful levels, Hyperliquid's native token has demonstrated a resilience that has drawn attention from participants well beyond the DeFi ecosystem that originally embraced it.
Hyperliquids native token HYPE continues to stand out as one of the strongest performers in the crypto market despite rising volatility affecting Bitcoin, Ethereum, XRP, and major altcoins. While many digital assets are losing momentum, HYPE remains in a solid uptrend supported by higher lows, fast recoveries after pullbacks, and strong buying pressure.
Bitwise will devote 10% of its HYPE ETF management fee to buying HYPE on its balance sheet.
Hyperliquid price rises after Bitwise said 10% of BHYP management fees will be used to hold HYPE on its balance sheet.
Bitwise will use 10% of BHYP ETF management fees to buy and stake HYPE tokens on its balance sheet.
Bitcoin fell to a three-week low below $77,000 after posting consecutive losses since the weekend. The total cryptocurrency market capitalization decreased to $2.63 trillion, losing $50 billion in recent hours. The HYPE and ZEC tokens are trading in positive territory, with the former crossing the $45 threshold despite widespread declines.
The open interest of real-world assets on Hyperliquid reached a new all-time high of $2.6 billion, according to data published by the platform itself. That figure represents double the volume recorded just two months ago, reflecting a sustained shift of capital from token markets toward RWA platforms with greater liquidity and accessibility. TradeXYZ, the main pair deployer on Hyperliquid's HIP-3 protocol, concentrates approximately $2.
Crypto traders are already assigning Elon Musk's SpaceX stock a public-market valuation before the rocket and satellite company has filed for an IPO. On May 17, Hyperliquid-powered Trade.xyz launched a SpaceX pre-IPO perpetual futures contract, creating a live, cash-settled market for traders to bet on where the private company could trade when it eventually lists.
A bullish long-term chart pattern puts HYPE on track for a potential rally above $70 this year, with a16z-linked accumulation and fresh institutional catalysts strengthening the case.
Hyperliquid's HYPE token has jumped as its HIP-3 pre-IPO perp marketplace heats up ahead of a series of high-profile tech IPOs.
Hyperliquid whales now hold $4.039b in open interest with a near‑neutral long–short split, and both sides sitting on millions in unrealized losses after choppy price action. Whale traders on decentralized derivatives platform Hyperliquid (HYPE) currently hold a combined $4.
Whales split between accumulation and profit‑taking, leaving Hyperliquid's HYPE price at a crossroads.