HYPE Surges Above $57 as Short Squeeze Pushes it 2% Away From ATH
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Hyperliquid's HYPE token surged above $57 on Thursday, within 2% of its $59 all-time high from September 2025, returning to those levels eight months after its last visit. The rally, driven by short liquidations and ETF-driven buying, has made HYPE one of the strongest large-cap crypto performers this year as traders pile into leveraged bets on the fast-growing perpetual futures platform, signaling rising adoption and elevated leverage risk.
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Hyperliquid’s HYPE token climbed above $57 on Thursday, just eight months after its last visit to those levels, as a wave of short liquidations and ETF-driven buying pushed the token within 2% of its all-time high near $59 reached in September 2025.
The rally has turned HYPE into one of the market’s strongest large-cap performers this year, while traders pile into leveraged bets tied to the fast-growing perpetual futures platform.
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Coins
$ 0.00447
+1.45%
$ 0.00448
+1.55%
$ 67.35
-0.31%Predictions Markets
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In This News
Coins
$ 0.00447
+1.45%$ 0.00448
+1.55%$ 67.35
-0.31%Predictions Markets
See what traders are focused on
Share:
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