HYPE Within $11 of ATH as SpaceX Perps Drive Rally

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HYPE rallied to about $48 on May 19 after Trade.xyz, a Hyperliquid-linked platform, launched synthetic SpaceX perpetual contracts, putting the token roughly $11 shy of its September 2025 record high near $59. The price move reflects rising institutional interest and adoption of tokenized real-world assets within the Hyperliquid ecosystem and signals increased DeFi activity and positive token performance.
HYPE climbed to around $48 on May 19, after synthetic SpaceX perpetual contracts launched on the Hyperliquid-linked platform Trade.xyz, bringing the token just $11 away from its September 2025 record high near $59.
The rally has also tracked rising interest in tokenized real-world assets and a string of institutional moves tied to the Hyperliquid ecosystem.
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