Hyperliquid (HYPE) Surges 4.92% on ETF Inflows, Whale Buys

Hyperliquid's HYPE token reached an all-time high above $89, up 60% in a month, with a 24-hour volume of $629 million. Institutional interest is noted, with $75 million in ETFs linked to HYPE. The surge aligns with increased activity on Hyperliquid's decentralized derivatives protocol.

Hyperliquid (HYPE) faces a significant token unlock event on October 6, with 9.92 million HYPE tokens, worth around $860 million, set to be released. This could lead to dilution and downward price pressure if contributors sell. Meanwhile, Bitwise's BHYP clients bought $10.5 million in HYPE on September 4, though this is less than 1% of the upcoming unlock. Hyperliquid's fee structure also generates demand through token burns, which remove tokens from circulation.

Hyperliquid's HYPE token reached a new all-time high near $88.90, up over 50% in a month, with a market cap nearing $20 billion. The rally is supported by Hyperliquid's fee mechanism, which burns HYPE tokens, reducing supply. HYPE's open interest exceeded $2 billion, with key resistance levels at $90 and $100. Hyperliquid expanded into tokenized equities and ETFs, and HYPE is now tradable on Polymarket. A potential U.S. market access via Bitnomial is under discussion.

Hyperliquid's HYPE token trades near $85, up from $50, with a major holder staking 343,000 tokens worth $29M. 30 institutions, including UBS and Jane Street, hold $75M in HYPE ETFs. HYPE is in the Hashdex Nasdaq Crypto Index with a 3.4% allocation. Analysts watch $105 as the next resistance level.

HYPE price held near $85.45 as Bitwise's BHYP ETF resumed purchases, adding $10.5 million in tokens. Bitwise has accumulated $166.3 million in HYPE since launch, making BHYP the largest HYPE ETF. Hyperliquid burned 9,730 HYPE, worth about $829,500, reducing supply.

Hyperliquid's HYPE token reached a new all-time high of $88, up 51% in 30 days. A large holder accumulated 2.9 million tokens worth $220 million, and the protocol executed $379 million in buybacks in 2026. President Trump mentioned potential US expansion for Hyperliquid, boosting sentiment. HYPE is trading at $85.78 with a market cap of $21.63 billion.