Sep 18, 2025
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Hyperliquid’s HYPE Token Hits All-Time High at $59.29
The decentralized crypto derivatives exchange Hyperliquid's token, HYPE, reached an all-time high of $59.29 on Sept. 18, with a market cap increase of $1.25 billion in one day.
- HYPE ranks as the 11th largest cryptocurrency, showing a 6% price gain over the past week.
- The token's 24-hour trading volume surged by 50%, reaching approximately $467 million.
- An aggressive trader holds a 3x leveraged position worth $30.3 million in HYPE, indicating strong buying pressure.
Hyperliquid's rapid growth has drawn attention from notable figures like Arthur Hayes and James Wynn, now handling about 14% of Binance's trading volume.
- Arthur Hayes forecasted a potential 126x upside for HYPE due to stablecoin expansion.
- Hyperliquid announced the launch of its regulated stablecoin USDH on the HyperEVM network.
Technical analysis indicates:
- RSI near overbought levels suggests bullish momentum but warns of a possible short-term pullback.
- Bollinger Bands widening, signaling ongoing uptrend; resistance at $60, support around $52 and mid-$40s.
- Analyst Otsukimi sees potential for HYPE to increase five- to ten-fold, possibly exceeding $250.
