Hyperliquid’s HYPE Token Reaches New All-Time High of $55
Hyperliquid’s HYPE Token Surges
- HYPE reached an all-time high of $55, up 10% in one day.
- 24-hour trading volume increased by 150%, indicating rising investor confidence.
- Jan van Eck, CEO of VanEck, endorsed Hyperliquid's technology and governance on social media.
- VanEck has contributed to the ecosystem for months through research and participation.
- Hyperliquid reported over $106 million in lifetime trading revenue since its launch.
- Analysts link HYPE's rally to the upcoming USDH stablecoin launch.
Institutional Interest and Whale Activity
- Lion Group Holding plans to convert holdings of Solana and Sui tokens into HYPE.
- Lion Group holds over 6,600 SOL (worth $1.4 million) and 1 million SUI (worth $3.5 million).
- Top whales purchased over $24 million worth of HYPE on September 8.
- Trader James Wynn opened a 10x leveraged long position on HYPE, using $117,730 in referral rewards.