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Hyperliquid’s $HYPE Token Hits $43.6 on Record $1.75B Futures Open Interest and $248B May Volume, Projected to Reach $50-$100

20 posts • GPT (4.1 mini)

Updated Jun 11, 2025, 05:10 PM

The native token $HYPE of the Hyperliquid platform has reached new all-time highs, trading above $43.6 and surpassing the $40 resistance level. This breakout follows a $17.8 million sell wall at $40 that was expected to be broken within 48 hours. Market activity around $HYPE has intensified, with open interest on $HYPE futures exceeding $1.75 billion, contributing to record levels alongside Ethereum futures. In May, Hyperliquid reported $248 billion in monthly perpetual volume and $1.89 billion in $HYPE futures open interest.

The token has gained approximately 75% over the past 30 days, driven by strong product fundamentals and revenue generation rather than mere market narratives. The platform's native stablecoin, USDhl, also supports $HYPE through treasury revenues used for buybacks distributed to holders. Analysts and traders anticipate further price appreciation, with projections suggesting $HYPE could reach $50 next week and potentially exceed $100 in the near term. The surge in $HYPE coincides with Bitcoin price stabilization, positioning the token as a leader in weekly altcoin gains.

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Sources

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CryptoRank.io

@CryptoRank_io

Hyperliquid’s multi-metric success fuels HYPE to new ATH 🚀 $HYPE is now trading at $43.6, a new all-time high, backed by record growth across the Hyperliquid ecosystem. In May, @HyperliquidX hit $248B in monthly perp volume and $1.89B in $HYPE futures open interest. Token

steven.hl

@stevenyuntcap

Nice to see a native stablecoin aligning with the ethos of HL. The revenue from the treasuries are used to buy back HYPE and then are distributed to those holding/using USDhl. If USDhl TVL caught up to USDC’s $2.5b, that is $100m of annual revenue/buy pressure? Hyperliquid

Milk Road Degen

@MilkRoadDegen

Hot take: Hyperliquid will birth the next $1B memecoin In case you've been under a rock, Hyperliquid (HL) is the BIGGEST perps platform... and its token $HYPE is up 75% in the last 30 days (keep scrolling to see which tokens we're watching)