Hyperliquid ($HYPE) is showing impressive strength today, rising 12.7% and trading near $39 as it moves toward new price discovery. The market is seeing all-time highs in open interest, signaling strong participation and confidence from traders. Daily trading volume has surged to nearly $414 million, reflecting significant liquidity and activity. Additionally, the total value locked (TVL) is approaching $500 million, highlighting growing user trust and platform adoption. With rising institutional flow and increasing user demand, $HYPE looks poised for continued momentum and potential further gains.

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