Even as Bitcoin slipped below the $100,000 mark amid rising geopolitical tensions and market anxiety, not every token followed the same path. While most cryptocurrencies struggled to hold their ground, one project quietly stood out from the crowd. Hyperliquid’s native token, HYPE, has been holding strong and in a market drowning in red, it’s one of the few names flashing green.
Currently trading at $35.83, HYPE has climbed 4.6% in the last 24 hours. With a market cap of $11.8 billion and consistently strong trading volumes, the project seems to be defying the odds. Technical indicators show a mixed but promising picture. If HYPE manages to break past the $39 resistance level, it could open the door for another rally.
One possible reason behind this spike is rising whale accumulation. Data from Lookonchain reveals that a newly created wallet (0xDc50) deposited $17.5 million USDC into the Hyperliquid platform over the past two days. The wallet used those funds to purchase 517,602 HYPE tokens, which have already grown in value to $18.31 million. Such a large and confident buy shows strong belief in HYPE’s potential.
Hyperliquid’s total value locked (TVL) also climbed sharply to $1.8 billion earlier this week, despite the volatile market. Hyperliquid leads all chains in gross profits for May and recently recorded over $9 billion in open interest, even surpassing Binance. Furthermore, USDC usage on Hyperliquid is booming, up 8.3% this week, far outpacing the industry’s 0.4% growth.
Even public companies like Inovia are now staking HYPE with their treasury. The strong performance sets a bullish tone for HYPE in the coming months.
In June 2025, Hyperliquid is expected to stay bullish, with price targets ranging from $42 to $53. If market sentiment weakens, a short-term dip to around $30–$35 could occur. Analyst CryptoCurb notes $40 as the critical level to reclaim for bulls to regain control. Until then, HYPE may face sideways or bearish pressure.
The outlook remains bullish for July. HYPE could climb past $45 if momentum continues and trading activity grows. However, key resistance zones could lead to minor pullbacks along the way. With strong fundamentals and a surging community, HYPE could realistically hit $100–$200 in the next altseason.
Hyperliquid is specifically designed to enhance the efficiency, speed, and performance of Decentralized Finance (DeFi) apps.
With increased adoption, the Hyperliquid price could conclude the year 2025 with a potential high of $50.
With a potential surge, this altcoin may reach a maximum trading price of $135 by 2030.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
On Monday, the crypto market experienced heightened demand from speculative investors. Bitcoin (BTC) price rallied…
Chainlink (LINK) price is gaining momentum as Bitcoin’s surge to a new all-time high fuels…
The global cryptocurrency market is climbing once again, with total market capitalization rising 2.23% to…
The idea of XRP reaching $100 might sound far-fetched, but behind the bold prediction lies…
As the calendar turns to October, a month often associated with bullish market reversals, investors…
Stock markets and crypto are grabbing attention lately, with stocks and Bitcoin hitting new highs…
