Hyperliquid (HYPE) price has signaled a potential market reversal. The large-cap altcoin, with a fully diluted valuation of about $33 billion, has appealed to more crypto traders as observed by its elevated 24-hour volume of about $457 million.
Amid the extreme fear of crypto selloff, as revealed by CoinMarketCap’s Fear and Greed Index, which hovered around 16/100, HYPE price surged over 10% today to trade at about $33 at press time.
On December 2, 2025, Sonnet BioTherapeutics Holdings Inc. (NASDAQ: SONN) announced that its shareholders have approved a merger with Hyperliquid Strategies. According to Arkham, the duo intends to establish a Digital Asset Treasury (DAT) for HYPE.
At press time, the dual has $888 million committed, whereby 65% has been committed in HYPE tokens and around 35% committed in USD. The two companies are following in the footsteps of Michael Saylor’s Strategy, which has accumulated more than 650k Bitcoin (BTC).
The global mainstream adoption of HYPE, led by institutional investors, will ultimately push altcoin towards its all-time high in the near future.
In the daily timeframe, HYPE/USD price has formed a potential reversal pattern. After a bullish rebound from the support level around $29.5, HYPE price has formed a potential double bottom, coupled with a bullish divergence of the daily Relative Strength Index (RSI).
Source: TradingView
The midterm bullish outlook for HYPE is fueled by the mainstream adoption of perpetual trading by retail traders. Almost all top crypto exchanges, led by Binance and Bitso, have explored the development of onchain perp trading.
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.
RedotPay, a fintech company that specializes in stablecoin-based payments, has integrated Ripple’s cross-border payment technology…
The Cyber Monday sale officially ended last night, marking one of the best crypto presale…
Bank of America is making one of its biggest moves into crypto yet. Beginning in…
After a massive bloodbath last week, Yesterday Bitcoin dropped over 5% in a sharp sell-off…
Bitcoin is showing renewed strength as the broader crypto market stages a steady rebound, with…
XRP is trying to hold its position in the payments market as price volatility and…
