Summary
- HyperLiquid's native token HYPE has reached an all-time high, continuing its growth trend.
- The token's open interest and total value locked have reached record highs, maintaining a positive outlook.
- The buying spree by famous whales suggests the possibility of further price increases.
The native token HYPE of the decentralized futures exchange (DEX) HyperLiquid has reached an all-time high (ATH), and on-chain indicators are also continuing to hit record highs.
On the 26th (local time), Cryptopolitan reported, "HyperLiquid's native token HYPE has reached an all-time high of $39.92 according to CoinMarketCap," adding, "This is due to HyperLiquid's growth trend. Various indicators are also hitting record highs."
Firstly, HyperLiquid's open interest (OI) and daily fees have each recorded $10.1 billion and $5.6 million, reaching all-time highs. Additionally, the total value locked (TVL) in USD Coin (USDC) has surged to $3.5 billion, and the number of daily active wallets has also surpassed 18,000, setting a new record.
Furthermore, the future price outlook is also evaluated as positive. The media stated, "As famous whales like James Wynn and Machi Big Brother have made millions of dollars in profits through HyperLiquid, more traders are starting to pay attention to the platform," adding, "The recent buying spree of tokens by whales is also a major factor influencing the price increase." According to Lookonchain data, 8 whales have accumulated 930,000 HYPE ($33 million) over the past three days. Additionally, it was noted that tokenomics and token buybacks also have a positive impact.
Meanwhile, Arthur Hayes, co-founder of BitMEX, has predicted that the HyperLiquid token will reach $100.
As of 11:40 PM, HyperLiquid is trading at $37.27, down 3.27% from the previous day according to CoinMarketCap.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
