Hyperliquid (HYPE) Explodes by 20% in a Day but Red Flags Appear
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Hyperliquid’s native token surged over 20% to a peak of $47, its highest level since last October, adding roughly $2 billion to market capitalization and pushing it toward the top 10 altcoins by market cap. The rally appears linked to Coinbase becoming Hyperliquid’s official USDC treasury deployer under the DEX’s Aligned Quote Asset framework, a DeFi adoption and liquidity milestone that should boost token demand and on-chain capital flows.
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Hyperliquid’s native token has stolen the show from the larger-cap alts, rocketing by over 20% at one point to its highest price level since last October at $47. On this impressive way up, the token added roughly $2 billion to its market capitalization and neared the top 10 alts by that metric.
Coinbase appears to be the most likely candidate for the biggest contributors to this surge after announcing that it had expanded support for USDC on Hyperliquid by becoming the official treasury deployer of the stablecoin under the DEX’s Aligned Quote Asset (AQA) framework.
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Coins
$ 0.99966
-0.01%
$ 0.99986
+0.02%
$ 69.01
+1.78%
$ 0.9939
$ 0.00129
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In This News
Coins
$ 0.99966
-0.01%$ 0.99986
+0.02%$ 69.01
+1.78%$ 0.9939
$ 0.00129
-10.9%Predictions Markets
See what traders are focused on
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Crypto Price Analysis July-10: ETH, XRP, ADA, BNB, and HYPE
