Hyperliquid Hits New All-Time High Above $89 After 60% Surge

Hyperliquid continues its strong run, setting a fresh all-time high above $89. HYPE peaked at around $89.67 after gaining more than 60% in roughly a month. Institutional interest is building in parallel, with Wall Street firms said to have accumulated around $75 million of exposure through exchange-traded Hyperliquid products.

HYPE tops $89 for the first time

The price chart shows HYPE climbing from around $81 to above $89 within a short period. The climb has not been without its corrections. Around $87.50, HYPE initially ran into selling pressure and slipped back towards $84 before buyers regained control.

That renewed push ultimately carried HYPE to a record of roughly $89.67, setting a new all-time high and bringing the $90 mark firmly into view.

According to the latest market figures, HYPE is trading slightly lower at $88.50. That represents a gain of 3.90% over the past 24 hours and 6.70% over the past seven days. Over the past month or so, the increase stands at more than 60%.

Trading activity remains elevated as well. The data provided put 24-hour volume at around $629 million during the record move, while the most recent figures show volume has since climbed above $1.11 billion.

Wall Street builds more exposure to Hyperliquid

The rally coincides with growing interest from traditional finance. Wall Street institutions have, according to the data provided, built around $75 million of exposure to exchange-traded products linked to Hyperliquid.

That figure is still relatively small compared with the overall value of HYPE, but it shows the token is attracting attention well beyond crypto traders.

With approximately 220 million HYPE in circulation, the current market capitalisation stands at around $19.69 billion. On the back of the past month’s price surge, Hyperliquid has grown into one of the larger crypto projects by market value.

$90 mark now within reach

Attention now turns to $90 after the fresh record. With the peak at $89.67, HYPE needs to rise only about 0.4% to break through that psychological barrier.

The chart also shows just how quickly sentiment can turn. During the latest advance, an earlier peak around $87.50 was followed by a correction of a few percentage points before the price broke out once more.

With monthly gains of more than 60% and trading volume above $1 billion, momentum behind HYPE is currently strong. Whether $90 really proves to be the next breakthrough depends on whether buyers can keep control after the new all-time high.