Hyperliquid’s native token, HYPE, is no longer just another digital asset—it’s fast becoming a formidable force in the crypto space. While Bitcoin remains quiet and Ethereum struggles to gain momentum, HYPE is sprinting ahead, grabbing the attention of traders worldwide. Currently hovering around $33.50, the token is close to reclaiming its all-time high of $39.96. This remarkable ascent highlights a powerful blend of market dynamics and innovation driving Hyperliquid’s growth, making it a serious contender among larger, more established cryptocurrencies.
1/ Welcome to Hyperliquid
— Felix (@felixprotocol) June 3, 2025
In the past 10 days, with HYPE nearly reaching $40, Hyperliquid has gained nearly 70,000 or +10% new users.
To all new users making their first journey into Hyperliquid with this recent ATH, what are we building here, and what does the opportunity set… pic.twitter.com/N0zCSuYC1n
Liquidity Thins as Trading Volume Climbs, Resistance Weakens
HYPE’s recent price action is fueled by a unique combination of factors. Daily buying pressure hits an impressive $2.5 million, while staking unlocks near completion, reducing sell-side liquidity. This creates a rare setup where even small buying surges can ignite significant breakouts. HYPE has successfully broken through previous resistance levels, moving with the agility of a prizefighter amidst slower, less responsive markets.
On May 26, Hyperliquid announced its open interest soared to $10.1 billion, smashing prior records. User adoption continues to accelerate, with traders favoring Hyperliquid over industry heavyweights like Binance and Coinbase. Analysts note similarities between HYPE and the SUI token, especially in long basing patterns and explosive price breakouts, suggesting that $45 to $50 could be the next target if history repeats itself.
Navigating Regulation While Seizing Growth Opportunities
Support zones between $28.50 and $30 have held firm, shielding HYPE from sharp declines and enabling multiple rallies. After briefly entering overbought territory with an RSI peaking at 86.5, the token has cooled off—often a precursor to fresh upward momentum. Despite skepticism from short sellers who predicted a collapse since $15, HYPE remains resilient.
Also Read: $25 Million Gone: Hyperliquid Trader James Wynn Liquidated in Brutal Bitcoin Crash
Hyperliquid’s proactive engagement with regulators underscores its ambition. Recently submitting feedback to the CFTC, the team advocated for clear, supportive frameworks around decentralized finance (DeFi), emphasizing 24/7 trading and transparent rules. This open dialogue positions Hyperliquid as a leader seeking to shape the future of financial innovation rather than evade regulatory scrutiny.
With low fees, fast trades, rising volume, and growing platform activity, HYPE’s momentum looks sustainable. The key challenge now lies at the $40 resistance level. If bulls can turn this peak into support, the token’s path upward could widen, making HYPE a standout player in the evolving crypto landscape.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
