- HYPE hit a new all-time high above $41 as whale investors poured in over $10M, signaling strong market confidence.
- Despite a recent account breach, investor sentiment stayed bullish thanks to Hyperliquid’s quick response and expanding ecosystem support.
- With surging open interest, regulatory engagement, and a $13.6B market cap, HYPE is cementing its place as a major DeFi contender.
Hyperliquid’s HYPE token just smashed through $41, setting a fresh all-time high on June 10. What’s fueling this rally? A whole bunch of whale activity, wild market optimism, and a steady stream of positive catalysts. One huge transaction stood out — nearly $10 million worth of HYPE picked up in one go. That’s not pocket change. It came from a known whale wallet, tracked by Spot On Chain, and the average buy-in? Around $38.46 per token.
What’s wild is that this same investor has already pulled in $10 million in profit from previous HYPE trades. Other whales jumped in too, with two tagged wallets grabbing nearly 100,000 tokens combined, and another address trying to scoop up 57,000 more on a dip. Basically, smart money is going hard on this one — even after a price jump.
Even a Hack Couldn’t Shake the Bulls
You’d think a security scare would cool things off. Not here. Back in late May, HyperFND — a Hyperliquid-linked X account — got compromised. But instead of triggering panic, it did… almost nothing. The core chain wasn’t touched, the team jumped in fast with comms, and the market shrugged it off. Actually, scratch that — the market bought more. Within days, HYPE was setting new highs again.
That confidence might’ve gotten an extra boost from SwissBorg’s integration. Now users on SwissBorg’s Meta-Exchange can swap HYPE and PURR across 16 fiat currencies and stake directly. That kind of accessibility is a big deal, especially with more casual investors coming in. No fuss, no gas fees, just plug and play.
HYPE’s Fundamentals Still Look… Well, Hype
Let’s talk numbers. HYPE gained more than 15% in just 24 hours, climbing from under $35 to over $41. Over the past week, it’s up 11%, compared to the overall crypto market’s modest 3% lift. Zoom out to the monthly view and the token has popped 65%, pushing its market cap to a whopping $13.6 billion. That puts it in the top 15 cryptos — no small feat for something many saw as a niche derivatives play just months ago.
Driving all this? Hyperliquid’s open interest broke $9.3 billion recently, showing serious appetite in the derivatives arena. Add to that their active push on the regulatory side — the team even sent proposals to the CFTC urging clarity for DeFi protocols. Big moves across the board.
