Since mid-June 2025, Hyperliquid has seen strong bullish momentum in the YTD, it has surged over 85%, with the price currently testing key resistance levels. According to the data from TradingView, HYPE/YSDT is currently trading at $44.230 with an intraday surge of 7.51%.
Source: TradingView
In a week, its prices grew 26.48% and more than 64% in the past 30 days; and in the past 24 hours, the market capitalization of HYPE has reached $14.77 billion with an increase of 10.72%.
After analyzing the YTD, an ascending triangle pattern is seen forming, which is often termed a bullish continuation pattern. It is worth noting that today, only Hyperliquid surpassed its previous all-time high, establishing an ATH at $44.76, and now it is speculated that it is expected to mark an ATH near $50 or at $50.
Will Hyperliquid reach $50 very soon?
As per experts, HYPE prices in the past 24 hours grew because of its achievement of holding more stablecoin than Arbitrum, despite Arbitrum being the bridge for 95% of stablecoins in Hyperliquid.
BREAKING: Hyperliquid now officially has more stablecoins than Arbitrum, despite Arbitrum being the bridge for 95% of stablecoins onto hyperliquid.This is because @felixprotocol (the liquity fork on Hyperliquid) is absolutely crushing it and growing like crazy.Hyperliquid. pic.twitter.com/SdKG6LC20L
— Cupojoseph (@CupOJoseph) June 15, 2025
The X post from the founder of Nerite and SolarPunk also notes that the achievement came because” Felix is totally crushing it and growing.”
Yet the total value locked of Arbitrum is $2.464 billion, which is up by 1.55% in the past 24 hours. At the same time, the TVL of Hyperliquid L1 grew 6.72%, reaching $1.885 billion.
Source: DefiLlama
However, the market capitalization on Hyperliquid L1 is $3.734 billion, but it is $3.536 billion; the intraday chain revenue is $8,290 in Arbitrum, and app revenue in Hyperliquid L1 is $1.1 million.
It is noteworthy that Hyperliquid L1 is just above SUI in terms of TVL and just below Arbitrum. According to App(dot)hyperliquid(dot)xyz, the maximum supply of HYPE is 1,000,000,000 with a total supply of 999,711,914 and a circulating supply of 335,639,896.
Hyperliquid Perps volume is $4.229 billion with an all-time volume of $1.718 trillion, as per Defillama. Data from CoinGlass notes that long positions on Hyperliquid are $3.08 billion and $3.21 billion in short positions.
Source: DefiLlama
On the other hand, long margins are $309.22 million and short margins are $317.39 million; at the same time, long funding fees are negative $17.51 million and short funding fees are positive $53.08 million.
HyperDash’s data says that Hyperliquid’s total liquidation is 32,998.94 BTC, with the largest liquidation of 2,974.74 BTC.
