Hyperliquid (HYPE) recorded gains exceeding 7% during the 24-hour period ending June 12, 2026, with prices hovering between $60 and $61 as Bitcoin maintained stability above $63,000 and Ethereum traded around $1,600.
HYPE might be forced below the $50-mark once again, but investors can remain calm.
The issuing firm Circle executed the largest transfer of the USDC stablecoin in the history of blockchain networks, moving approximately $4.397 billion to an address controlled by the exchange Coinbase.
A trader on Hyperliquid just hit .7 million in all-time profit.
A single trader deposited $16.6 million in USDC into Hyperliquid and opened a long position on SPCX, a tokenized asset tracking the S&P 500. The trade drew attention because decentralized derivatives markets may have thinner liquidity, making large deposits relevant for price action and funding rates.
HYPE price has surged 17% in the past 24 hours, climbing from $52 to $61 as traders rushed back into the Hyperliquid ecosystem following a major product launch tied to perpetual markets. The move arrived just one day after Fomo announced that perpetual trading is now live on its platform, powered by Hyperliquid and Trade.xyz.
Hyperliquid price has climbed above $60 after futures open interest reached $2.56 billion, with growing SpaceX speculation supporting a falling wedge breakout toward the $75 region.
A Hyperliquid trader dubbed a “perma-bear” is running an 81% short book with a $2.7 million all-time profit, led by a $13.57 million HYPE short up $539,000, per analytics firm Nansen.
SpaceX's IPO highlights the growing influence of crypto markets on traditional finance, raising questions about regulation and market stability. SpaceX prices largest IPO ever at $135, trades at $177 on Hyperliquid.
A trader deposited $16.6 million in USDC into Hyperliquid and opened a long position on SPCX, a tokenized asset tracking the S&P 500, according to on-chain intelligence flagged by blockchain analytics firm Arkham.
Kalshi, a prediction market platform based in the United States, revealed on Thursday that perpetual futures contracts for Hyperliquid (HYPE) are now accessible for trading. The rollout occurred following official clearance from the US Commodity Futures Trading Commission (CFTC).
TradeXYZ dominance raises regulatory concerns as analysts propose tiered staking reforms for HIP-3 deployers.