HYPE just hit its third all-time high in a single week, leaving Bitcoin and Ethereum far behind, and the catalysts driving this surge have nothing to do with the broader market rally.
Hyperliquid’s token $HYPE closed a historic session by brushing at $95.81, its maximum of all time, with an advance of 4.54% in 24 hours and a yield of almost 273% so far this year. Behind the movement there are record operating revenues, unprecedented open interest and the new loan product of the platform, although technical indicators warn of an overpurchase zone that requires discipline in risk management.