Crypto Market Moves: Hyperliquid Token Surges Toward All-Time High

The Hyperliquid token has been experiencing a remarkable surge in value, reaching towards its all-time high. This upward trend is attributed to the launch of new spot ETFs by Bitwise and 21Shares, which attracted a record $25.5 million in inflows during the previous trading session.

Hyperliquid's market capitalization rose to approximately $13.8 billion, placing it just outside the top 10 cryptocurrencies globally, just $3 billion away from flipping Dogecoin (DOGE).