This achievement coincides with increased activity on the Hyperliquid network, significant purchases of the platform’s token, and ongoing interest in trading derivatives on a decentralized platform.
HYPE’s value has recently jumped, reaching around $18.6 billion. This puts it about $1.5 billion ahead of Dogecoin. This growth is a major milestone for the Layer-1 blockchain, which has quickly become a leading platform for trading perpetual futures.
HYPE Reaches New ATH as Hyperliquid’s Growth Accelerates
HYPE recently reached a peak of $73.73, continuing a strong upward trend that’s seen the token increase in value by over 65% in the last month. This growth suggests growing optimism about the Hyperliquid platform, as more people are trading on it.
Most crypto projects use rewards to attract users, but Hyperliquid is different. Its system directly links the value of its token, HYPE, to how much the platform is used. Nearly all of the fees generated from trading – around 97% to 99% – go into a fund that automatically buys and permanently removes HYPE tokens from circulation.
This system has steadily decreased the number of tokens in circulation by linking network usage to token demand. Because only 1 billion HYPE tokens will ever exist, regularly buying back and destroying tokens has become crucial for maintaining positive market confidence.
The network has exceeded $1 billion in revenue from its core operations, and users have reportedly bought back billions of dollars worth of its native token using an automated system that accumulates it over time.
Analysts Discuss the Possibility of a $100 HYPE Price
The breakout has sparked renewed discussion about where HYPE could move next.
Crypto analyst Ali Martinez points out that the token has entered a phase where its price can climb freely, after earlier signals suggesting a potential price drop proved incorrect. He believes the price could rise to around $97.73 or even $163.77, based on how the market has been trending since the end of 2025.
According to Martinez, HYPE has recently become much stronger, changing what analysts expect technically. This is a shift from late May, when the price movements led some to believe the market would peak around $57.
Alan Rogers, a former professional soccer player who now trades cryptocurrency full-time, believes Hyperliquid’s token system is a key reason for the recent price increase.
Following a recent price surge, Rogers predicted that a price of $100 is now achievable for the platform. This assessment is based on the platform’s limited supply and a system that consistently increases demand by buying back tokens.
Although these predictions are still uncertain, the statements show increasing confidence among investors as HYPE reaches new record levels.
Hyperliquid (HYPE) Technical Analysis
TradingView data shows HYPE was recently trading at about $73.36, up roughly 1.76% for the day.
Despite recent strong gains, the platform’s technical outlook is still positive. TradingView’s indicators currently show more buy signals (16) than neutral signals (10), with no sell signals, suggesting the overall trend is still upward.
The price continues to show strong upward momentum, as confirmed by moving averages. The shorter-term 10-period Exponential Moving Average (EMA) is currently at $64.41, and the 20-period EMA is at $58.47. Longer-term EMAs are significantly below the current price: the 50-period EMA is at $50.09, the 100-period EMA at $44.18, and the 200-period EMA at $39.77.
HYPE’s price staying consistently above its key moving averages indicates that buyers are still driving the overall trend. This positive outlook is further reinforced by momentum indicators: a MACD reading of 6.94 and a momentum value of 18.79 both suggest continued buying interest and upward price movement.
Key Levels Traders Are Watching
HYPE is continuing to rise, and several market indicators suggest it may be getting overbought. The Relative Strength Index (RSI) is at 77.85, and the Stochastic %K has reached 97.31. While these indicators haven’t triggered a definite sell signal yet, they indicate the market is nearing a point where prices could fall.
Investments that have been rising strongly often pause or briefly dip before continuing to climb. This is a common pattern seen in the market.
Looking at the price, the key support level is around $61.13. There’s further support if the price drops to between $55 and $49.
Traders are watching key price points around $84.08 and $96.07. If the price stays above these levels, it could signal continued gains and potentially push the price up to $100, which is an important psychological barrier.
Hyperliquid is currently a top performer in the crypto market. Its increasing revenue, high trading volume as a perpetual decentralized exchange, and strategy of buying back tokens are setting it apart from other blockchain projects. While it’s uncertain if the token will reach the predicted price of $100 – that will likely depend on the overall market – current trends indicate that buyers are still driving the price, which is near an all-time high.
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2026-06-01 18:33