HYPE Reaches a New All-Time High of $42.07

Hyperliquid’s native token HYPE reached a new all-time high of $42.07 on June 11, 2025. The token jumped over 8% during the trading session.

Hyperliquid’s native token HYPE reached a new all-time high of $42.07 on Monday. The token jumped over 8% during the trading session.

The rally extended gains from the previous day. This marked a sharp reversal from last week’s dip that brought the token close to the $30 level.

HYPE currently trades around $41.24 at press time. The token remains well above its previous resistance levels.

Trading volume surged to over $786 million in the last 24 hours. HYPE’s market cap now stands at $14 billion.

The price movement comes during a broader crypto market rebound. Various digital assets have recorded fresh gains recently.

Whale activity has increased during the rally. Large position holders have been accumulating HYPE tokens aggressively.

According to on-chain analytics platform Spot On Chain, one wallet recently purchased 259,367 HYPE tokens. The purchase was worth nearly $10 million at the time of transaction.

This whale has realized over $10M in all-time profit on #Hyperliquid.

Follow @spotonchain and monitor the market trends closely!

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— Spot On Chain (@spotonchain) June 10, 2025

This whale has realized over $10 million in all-time profit trading the token. The purchase represents the latest addition to their position.

Several other large-scale purchases have been recorded. One wallet bought 70,617.6 HYPE tokens at an average price of $35.40.

This transaction was valued at approximately $2.5 million. Another purchase involved 28,500 HYPE tokens at $35.09 each, amounting to $1 million.

A third major transaction saw 57,372 HYPE tokens acquired at an average cost of $24.95, resulting in a purchase value of $1.45 million.

Open Interest in HYPE futures contracts reached a new high of $1.69 billion on Tuesday, marking a significant increase from $1.42 billion on Saturday.

The surge in Open Interest may indicate growing investor confidence as more traders are entering the market with fresh capital.

Moreover, Total Value Locked in the Hyperliquid Layer 1 ecosystem hit $1.97 billion, according to DeFiLlama, setting a new record.

TVL growth signifies increased user activity on the platform as more users are depositing assets into HYPE-based protocols.

The Relative Strength Index on the daily chart now stands at 68, indicating strong momentum while remaining below the overbought threshold of 70.

The Moving Average Convergence Divergence indicator is approaching a bullish crossover, which, if confirmed, could signal another upward move for the token.

Recent integrations and partnerships have strengthened the Hyperliquid network, ultimately attracting more users to the platform.

The ecosystem’s focus on capital efficiency entices DeFi users and professional traders alike, while its advanced perpetual trading infrastructure supports fast transaction speeds.