The Hyperliquid decentralized exchange has been making it into headlines recently and not by coincidence. Recent findings revealed that some of the biggest whales in crypto have been using it to execute highly leveraged trades.
This growing Hyperliquid popularity has been trickling down into its native token HYPE, which has been enjoying an explosive performance. For context, the token just concluded an impressively bullish week during which it rallied by as much as 50% from weekly low to weekly high.
HYPE price action/ source: TradingView
The rally last week was a continuation of the bullish momentum that kicked off in the second week of April. However, it is worth noting that price was deep in overbought territory at the time of writing, suggesting that holders might be incentivized to take profits.
The HYPE token exchanged hands above $37 at press time. This was about a 12% rally away from achieving a new all-time high.
Hyperliquid Sees Record High Levels of Open Inte
We współpracy z: https://www.thecoinrepublic.com/2025/05/25/how-hyperliquid-token-hype-has-faired-this-week/
