- HYPE is up 1200% in six months and just pulled in $64.8M in monthly revenue, 97% of which is used to buy back tokens.
- Despite a possible pullback, analysts are targeting a breakout to $90+ this year thanks to rising platform dominance and user growth.
- Binance shoutouts and massive derivatives activity position Hyperliquid as a major up-and-comer in the DeFi space.
Hyperliquid’s on a bit of a tear lately. The token’s now sitting at $42.18, up 6.5% in the past 24 hours alone. Over the week, it’s jumped 23%, and zooming out—it’s up a wild 1200% over the last six months. Not bad for something that was flying under most people’s radar just a short while ago.
Now, the technicals are… interesting. Most indicators are leaning slightly bullish, but not screaming full send. MACD and general momentum are ticking higher, and the moving averages are mostly bullish too. Still, there’s a touch of caution in the air—nothing’s ever straight up forever, right?
HYPE’s Blowout Run Has Eyes Glued to the Charts
What really turns heads? Hyperliquid pulled in nearly $65 million in revenue in just the past 30 days—leaving big names like Ethereum and Tron behind. What’s wild is that 97% of that cash is being used to buy back HYPE tokens. That kind of reward loop is rare—and it’s got holders grinning.
Yet, analysts are watching closely. After HYPE spiked to $44, there wasn’t a big wave of unstaking. MetamateDaz pointed out how calm holders stayed, which is honestly kinda rare during a big pump. Still, a little dip to $36 or maybe even $30 wouldn’t be shocking—it might even be healthy. Sometimes you gotta exhale before the next leg up.
Breaking Records and Catching Binance’s Attention
HYPE could be aiming a lot higher though. Analysts are eyeing $90.72 as a year-end target, especially with Hyperliquid’s momentum. The platform already owns 70% of the DEX derivatives pie, and its slick mobile app and insane usage stats only help the bull case.
Late May saw the platform smash $11B in daily trading volume, and open interest just hit $10.1B. That makes it the 5th biggest player in derivatives. Not too shabby. And when Binance gave it a nod, people started whispering about a possible listing—that alone bumped HYPE’s volume by 20%. The hype is literally building.
Long-Term Outlook Still Looks Sharp
Sure, a pullback to $32 this month wouldn’t shock anyone. But looking ahead? CoinCodex thinks HYPE could hit $103 by 2026. CoinDCX is more aggressive—seeing $43–$45 this week and $85 in 2025, with a shot at $125 by the year after. Dips will come, sure, but the bigger picture still looks really strong.
