The issuer plans to buy 20,000 shares from the trust at $25 per share as an initial seed creation basket to buy HYPE prior to the listing.
HYPE retested $45 this Tuesday, accumulating an impressive 108% rally since its annual low of $21 recorded on January 21. Open Interest (OI) climbed to $1.38 billion, while the platform's annualized revenue reached $843 million in March.
Hyperliquids native token HYPE is approaching a critical decision point that could define its long-term trajectory. Currently pressing into a major resistance zone in the mid-$40s a level that has rejected price multiple times before this latest attempt carries a fundamentally different character than previous tests.
HYPE tops $45 for the first time in five months as oil contracts drive heavy trading volumes on Hyperliquid's platform.
The Hyperliquid exchange has re-established its leadership position in perpetual futures trading, reaching a new record of 6.9% of trading volume across centralized exchanges. This milestone clearly demonstrates its ability to capture a larger share of perpetual futures open interest, even outperforming established competitors.
Origin Dollar integrates Morpho's new markets on HyperLiquid, enabling USDC lending against WHYPE and kHYPE collateral with yields exceeding 6%. The strategy utilizes Circle's CCTP technology to automatically bridge interest generated from HyperLiquid back to the Ethereum mainnet.
HYPE gained about 10% in two days, reclaimed the $44 to $45 range, and moved closer to the $50 area as momentum accelerated. The breakout has been supported by rising volume, higher highs and lows, reclaimed moving averages, and a stronger structural setup.
Hyperliquid has been gathering immense attention in recent times as the price has been rising, regardless of the Bitcoin price variation. Since the rebound in the first few days of the month, the HYPE price has been consistently rising, forming consecutive higher highs and lows.
Hyperliquid is setting itself apart from the market. HYPE has risen sharply, gaining about 10% in just two days and regaining the $44-$45 range with significant momentum, while the majority of altcoins continue to be slow or range-bound.
Hyperliquid's HYPE is drawing bullish attention as strong fee revenue, user growth and on-chain trading demand make the token look undervalued.
Renewed optimism in the Hyperliquid ecosystem is evident, driven by massive whale accumulation and regulatory progress in the United States. This momentum responds to the growing adoption of the decentralized perpetual exchange (DEX) protocol and its ability to generate record fees.
Hyperliquid is trading at $43.60 on April 13, up 2.76% on the 4H session, after printing a high of $46.22 that marks the upper boundary of an ascending channel built from the December 2025 lows near $22.