HYPE, the token of the decentralized blockchain and cryptocurrency exchange Hyperliquid, has been going against the wider digital assets grain in the last week of trading with a remarkable 49.62% rally to $58.47 – inches away from a new all-time high (ATH).
Hyperliquid price one-week chart. Source: Finbold
The move simultaneously added nearly $5 billion to HYPE token’s market capitalization, which rose from $9.9 billion to $14.6 billion. Furthermore, Hyperliquid overtook Solana (SOL) in terms of fully diluted valuation (FDV), hitting $54.57 billion against SOL’s $54.22 billion, per the data Arkham shared on X on May 21.
FDV represents the theoretical maximum market capitalization if all the possible tokens were in circulation.
Meanwhile, the overall cryptocurrency market moved lower within the timeframe, erasing $130 billion as the total digital assets’ capitalization dropped from $2.68 trillion to $2.55 trillion.
Total cryptocurrency market capitalization one-week
We współpracy z: https://finbold.com/hyperliquid-hype-adds-5-billion-in-value-after-explosive-50-rally/
