Hyperliquid (HYPE) Token Soars to New ATH as Open Interest Approaches $12B
The post Hyperliquid (HYPE) Token Soars to New ATH as Open Interest Approaches $12B appeared on BitcoinEthereumNews.com. Hyperliquid (HYPE) hit an all-time high of $37.44 on May 23 before pulling back slightly. Hyperliquid’s open interest surged 53% to $9.4B, nearing the $12B milestone. Hyperliquid (HYPE) surged to a fresh all-time high of $37.44 on May 23, 2025, fueled by a wave of investor interest and intensified derivatives activity. Although it now trades slightly lower at $34.28, the token maintains a daily gain of 1.61%, signaling continued bullish momentum. This momentum aligns with the broader crypto market upswing led by Bitcoin, which crossed a new all-time high above $111,000 on May 22. Investors’ appetite for leveraged products has soared in tandem, benefiting platforms like Hyperliquid. In particular, the platform’s open interest has spiked dramatically. According to CoinGlass, Hyperliquid’s open interest reached $9.4 billion on May 23, nearing the $12 billion mark. This reflects a massive 53% increase from its previous peak of around $6 billion earlier in May. Open interest, which tracks the total value of active futures and perpetual contracts, is widely viewed as a proxy for trader sentiment. Additionally, Hyperliquid’s public response to ongoing regulatory discussions with the U.S. Commodity Futures Trading Commission (CFTC) added a layer of transparency that may have reinforced investor trust. Can HYPE Break $40 After Its ATH? Over the past 24 hours, HYPE’s trading volume climbed 24.65% to $561.2 million, signaling strong liquidity and heightened market activity. The volume-to-market cap ratio stands at 4.99%, a healthy level that supports the token’s valuation strength. Circulating supply remains at 333.92 million HYPE, roughly one-third of its total supply of 1 billion. Technically, HYPE’s price structure remains resilient. Key resistance lies at the ATH of $37.44, while support is seen at the 9-day moving average of $33.83 and the 21-day average of $30.21. A sustained break above resistance could push HYPE toward the $40…
The post Hyperliquid (HYPE) Token Soars to New ATH as Open Interest Approaches $12B appeared on BitcoinEthereumNews.com.
Hyperliquid (HYPE) hit an all-time high of $37.44 on May 23 before pulling back slightly. Hyperliquid’s open interest surged 53% to $9.4B, nearing the $12B milestone. Hyperliquid (HYPE) surged to a fresh all-time high of $37.44 on May 23, 2025, fueled by a wave of investor interest and intensified derivatives activity. Although it now trades slightly lower at $34.28, the token maintains a daily gain of 1.61%, signaling continued bullish momentum. This momentum aligns with the broader crypto market upswing led by Bitcoin, which crossed a new all-time high above $111,000 on May 22. Investors’ appetite for leveraged products has soared in tandem, benefiting platforms like Hyperliquid. In particular, the platform’s open interest has spiked dramatically. According to CoinGlass, Hyperliquid’s open interest reached $9.4 billion on May 23, nearing the $12 billion mark. This reflects a massive 53% increase from its previous peak of around $6 billion earlier in May. Open interest, which tracks the total value of active futures and perpetual contracts, is widely viewed as a proxy for trader sentiment. Additionally, Hyperliquid’s public response to ongoing regulatory discussions with the U.S. Commodity Futures Trading Commission (CFTC) added a layer of transparency that may have reinforced investor trust. Can HYPE Break $40 After Its ATH? Over the past 24 hours, HYPE’s trading volume climbed 24.65% to $561.2 million, signaling strong liquidity and heightened market activity. The volume-to-market cap ratio stands at 4.99%, a healthy level that supports the token’s valuation strength. Circulating supply remains at 333.92 million HYPE, roughly one-third of its total supply of 1 billion. Technically, HYPE’s price structure remains resilient. Key resistance lies at the ATH of $37.44, while support is seen at the 9-day moving average of $33.83 and the 21-day average of $30.21. A sustained break above resistance could push HYPE toward the $40…
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