$HYPE Surpasses $50 Barrier Amid Growing Adoption of Hyperliquid

The cryptocurrency market has witnessed a surge in the value of Hyperliquid's token $HYPE, which has broken through the $50 barrier for the first time since October 2025. This milestone is a testament to the growing importance of Hyperliquid in the crypto ecosystem.

$HYPE's price has been steadily increasing over the past week, with a rise of over 29% and an overall gain of more than 80% in the past 90 days. The token has become one of the most active assets in the market, with $1.95B in open interest, representing a six-month peak.

The surge in $HYPE's value is attributed to several factors, including the recent deal with Coinbase and Goldman Sachs' exposure to Hyperliquid Strategies, Inc., which manages digital asset treasuries. Additionally, the 21 Shares Hyperliquid ETF has gone live, increasing demand for $HYPE. The platform itself continues to attract over 64K daily active users, a mix of retail traders and high-profile whales.

One whale has accumulated over $8.1M in $HYPE, while another has deposited up to $19M into Hyperliquid for spot market activity. A third address linked to Garrett Jinn has also been buying aggressively, withdrawing $40M in stablecoins from Binance and depositing $10M for $HYPE accumulation.