Hyperliquid (HYPE) has surged to a new all-time high closing at over $42, riding a wave of renewed market optimism

On June 10, 2025, HYPE (HYPE) jumped by over 8%, pushing its price to a new record of $42.07. The rally extended its gains from the day before, marking a sharp reversal from last week's dip that brought the token close to the $30 level.

Hyperliquid (HYPE) price today surged to a new all-time high of over $42, closing in on the crucial $43 resistance. The token’s new ATH record caps weeks of growing investor confidence, fueled by positive momentum, fresh exchange listings, and speculation of further upside potential.

HYPE has shot up by more than 8% in the past 24 hours. The rally extended its gains from the day before, marking a sharp reversal from last week’s dip that brought the token close to the $30 level. The token’s price had dropped from highs of over $38 to lows of $29.6 in the past few weeks as it faced strong resistance at the $40 mark.

However, the token managed to break through the resistance and hit a new all-time high of $43.2697 during the day, further extending its gains. The token’s market cap now stands at $14 billion, making it one of the largest cryptocurrencies by market cap.

The uptick in HYPE’s price comes amid a broader crypto market rebound, which has seen various assets record fresh gains, with Bitcoin (BTC) and Ethereum (ETH) prices both rising to new yearly highs.

The increased optimism in the crypto market has spilled over to other altcoins, with various tokens registering triple-digit gains in recent weeks.

The wave of new highs in the crypto market is expected to continue in the coming weeks, as more investors pour into the space.

The increased investor interest is evident in the trading volume, which has surged to over $500 million in the last 24 hours. The high trading volume is a testament to the strong demand for HYPE, which is expected to drive further gains in the coming days.

The token is currently trading at $41.24, down slightly from its intraday peak but still well above its previous resistance levels.

The technical indicators suggest that the token has strong momentum and could continue to rise in the coming days. However, if the token drops below the $40 support level, it could indicate a reversal of the uptrend.

Overall, HYPE has shown impressive strength and resilience in recent weeks, which has helped it to overcome major resistance levels and set a new all-time high. The token’s strong fundamentals, low inflation, and potential for further upside are expected to attract more investors to HYPE in the coming days.

This has also brought attention from large institutional investors or ‘whales’ who are managing massive positions in the token.

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

The purchase makes the latest addition to the whale’s position, which has realized over 10 million in all-time profit trading the token.

The massive purchase is expected to bring more attention to HYPE, which could further increase demand for the token and push its price higher.

Several other large-scale buys have been recorded as well. Three notable ones were purchases of 70,617.6 $HYPE at an average price of $35.40 by one wallet, worth approximately $2.5 billion.

Another transaction of similar weight was 28,500 $HYPE at $35.09 each, worth $1 billion, and 57,372 $HYPE at an average cost of $24.95, valued at $1.45 billion.

$HYPE continues to attract major purchases as it nears a new ATH !A whale spent $9.976M in $USDC to buy 259,367 $HYPE at an average price of $38.46 in the past 2 hours.

This whale has realized over $10M in all-time profit on #Hyperliquid. Follow @spotonchain and monitor the best chains! pic.twitter.com/QAr4rIleqI

The purchases highlight the strong interest in HYPE from both retail and institutional investors. As the token approaches new highs, it is expected to attract even more buying pressure, which could push the token to even higher levels.

While HYPE has faced strong resistance at the $40 level in recent weeks, the token has managed to break through the resistance and hit a new all-time high of over $43.

The token’s price had dropped from highs of over $38 to lows of $29.6 in the past few weeks as it faced strong resistance at the $40 mark.

However, the token managed to break through the resistance and hit a new all-time high of $43.2697 during the day, further extending its gains.

The token’s new