Bitcoin (BTC) reached a new all-time high (ATH), and Hyperliquid's native token, HYPE, may be next in line.
With strong catalysts, including its recent listing on Bybit, inclusion in Grayscale's third-quarter assets under consideration, and the growing influence of Hyperliquid in the decentralized finance (DeFi) space, the outlook for the token looks quite promising.
BeInCrypto previously reported that HYPE underwent a price correction after reaching a peak on June 16. However, the token remained resilient and recovered most of its gains. In fact, the rally gained more momentum earlier this week, with HYPE experiencing consecutive increases.
According to the latest data, HYPE appreciated 7.62% in the last day. At the time of this analysis, the altcoin was trading at $44.55, just 2.2% below its previous peak.
Meanwhile, the 24-hour trading volume rose to $421.8 million. This represented a 40.2% increase, reflecting the growing activity among traders.
Hyperliquid (HYPE) Price Performance. Source: BeInCrypto
Will the HYPE token reach an all-time high in July?
Although the positive momentum is not isolated, as the broader market is also up, HYPE has several additional factors supporting its price growth. Today, Bybit, a leading centralized cryptocurrency exchange, announced the listing of HYPE on its spot trading platform.
“We are excited to announce the upcoming listing of Hyperliquid (HYPE) on our spot trading platform! Hyperliquid (HYPE) and its pairs will be listed in the Main Trading Zone,” the announcement said.
The exchange added that deposits for HYPE will open at midnight (Brasília time). After that, the token will officially be listed for trading at 6 AM (Brasília time). Withdrawals will be available starting at 7 AM (Brasília time).
Grayscale's decision to include HYPE in its third-quarter 2025 assets under consideration further increased optimism. This signals that institutional investors recognize the growth potential of the token. This could attract more interest, boosting the legitimacy and future adoption prospects of HYPE.
Moreover, the growth of the Hyperliquid platform also contributed to the growth of HYPE. Earlier this week, BeInCrypto reported that Hyperliquid's daily revenue consistently exceeded that of Ethereum and Solana over the past three months.
In addition, the DeFi protocol is also a leader in the perpetual trading market, capturing 60% of the market share. The latest integration of Hyperliquid with the Phantom wallet further expanded its reach.
Thus, all these factors paint an optimistic picture for the HYPE token. Whether or when it will close the 2.2% gap to its ATH remains to be seen.
The article Hyperliquid (HYPE) seeks all-time high after listing on Bybit was first seen on BeInCrypto Brazil.
