Hyperliquid (HYPE) Price Hits All-Time High at $44.80 – Can It Flip Cardano?

The Hyperliquid is making waves with a recent 12% increase in its token’s value. This surge supports Wintermute founder Evgeny Gaevoy’s earlier statement. In early June, he remarked that the debate between Jeff Yan and CZ on X was a clever promotion for Hyperliquid. This strategy has clearly paid off, boosting the HYPE price.

Unlike many altcoins, Hyperliquid shows strong optimism. The HYPE price has gained significant momentum, especially after the Binance listing announcement on June 3rd. Currently, it has reached an all-time high of $44.80, marking a remarkable 385% gain in Q2 2025. 

In just ten days, the price action surpassed May’s high of $39 and is now in price discovery mode. This upward trend aligns with a notable increase in USDC inflows, rising from $2.72 billion to $2.957 billion, per DUNE analytics. 

Even, Hyperliquid’s overall metrics are improving. In H1 2025, it has emerged as the top DEX based on derivatives volume. Keep reading to know more.

Intraday 12% Blast In HYPE Price Explained

In the intraday session, the HYPE price surged nearly 12%, reaching a new all-time high of $44.80. This price movement has entered a price discovery phase, benefiting a whale with a 4x leveraged long position. According to OnChain Lens, the whale’s floating profit exceeded $13.7 million at that time.

With this whale activity, HYPE crypto is now targeting the 10th spot held by Cardano, which has a market cap of $22 billion. 

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Is $100 the Big Goal?

Currently, HYPE crypto ranks 11th with nearly $14 billion. This makes a gap between HYPE and ADA around $8 billion, but if the bullish trend continues, this gap could close quickly by year end.

Looking ahead, HYPE price has been on a high-hgh structure in Q2 with recent symmetrical breakout pushed for a new journey ahead.

Similarly, the potential to rally further in 2025 has higher odds, driven by increased adoption of its decentralized applications and appealing financial incentives.

In a bullish scenario, the price could decisively break above $50, possibly reaching the fibonacci level of 1.618 at $65 level, and more efforts could push it to the Fibonacci 2.618 targets, which aligns with the psychological $100 mark. 

However, profit-taking could prompt bulls to defend key support levels at $39 and $30.

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