#BigTechStablecoin
Analysis: HYPE corrects after achieving the 11th position in market capitalization.1️⃣1️⃣
Hyperliquid (HYPE) went from being an almost unknown project to becoming one of the most prominent cryptocurrencies of the moment, although it is currently in decline.
At the time of writing, HYPE is trading at 33.33 USD, with daily losses of 3.58%, weekly gains of 2.02%, and strong monthly gains of 57%.
In this way, HYPE continues to climb positions and is now among the 11 cryptocurrencies with the highest market capitalization, leaving behind its former place outside the top 50.
What drives the price of HYPE?
The price of this cryptocurrency continues to rise as part of a historical trend.
In May 2025, Hyperliquid generated revenues of 64 billion dollars. That same month, its trading volume reached the impressive figure of 244 billion dollars.
This excellent economic activity is complemented by a growing participation of large holders of HYPE tokens.
After being inactive for two years, a wallet invested 4 million USDC to buy HYPE, according to data from the firm Nansen. The operation allowed it to acquire 110,663 tokens for a total of 3.98 million dollars, with an average price of 36 dollars per unit.
