Hyperliquid (HYPE) Rallies Nearly 4% on Rising Market Momentum
Hyperliquid’s native token, $HYPE , is trading at $25.03, recording a solid 3.91% gain over the past 24 hours. This upward move has pushed HYPE’s market capitalization to $8.49 billion, reflecting a 4.16% increase and securing its position at #13 among cryptocurrencies. The rally is supported by a noticeable rise in trading activity, with 24-hour volume climbing to $136.03 million, up 30.7%, signaling renewed interest from traders.
HYPE has a circulating supply of 339.34 million tokens out of a fixed maximum supply of 961.67 million, giving it capped supply dynamics that many long-term investors favor. The volume-to-market-cap ratio of 1.6% suggests steady but healthy trading relative to its size.
The price increase appears to be driven by growing engagement on the Hyperliquid platform, which is known for its high-speed, decentralized perpetuals and derivatives trading. As on-chain activity and user participation expand, market sentiment around HYPE has strengthened. If momentum continues, HYPE could remain a token to watch in the DeFi and derivatives trading space.
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