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Cryptocurrency News Articles
Hyperliquid HYPE Token Price Surges Another 12% Hitting New All-Time Highs, Defying Broader Market Consolidation
May 26, 2025 at 04:11 pm
Defying the broader market consolidation, Hyperliquid HYPE $19.97 24h volatility: 5.4% Market cap: $6.67 B Vol. 24h: $206.60 M
Hyperliquid (HYPE) price extended gains on Friday, surging 12% to hit a new all-time high of $40. It’s noteworthy that the token’s daily trading volume also increased by 50% to reach $460 million.
With this latest surge, HYPE price has now rallied over 50% in the past week alone, outperforming the broader crypto market.
Earlier today, crypto trader James Wynn made headlines as he withdrew 28 million USDC from decentralized derivatives trading platform Hyperliquid.
Wynn, who has been making huge leveraged bets for Bitcoin (BTC) and Pepe Coin (PEPE), also pocketed $25.2 million in trading profits over the past 75 days.
During this period, Wynn executed 38 trades, with 17 yielding profits, striking a 45% win rate.
Moreover, his high-volume trading activity generated an estimated $5.4 million in fees for Hyperliquid.
This massive revenue generated by Hyperliquid from Wynn’s trading exploits becomes even more apparent when comparing it to other major crypto chains.
In a recent analysis, a crypto analyst highlighted how Hyperliquid generated 7x more revenue than BNB Chain and outperformed both Ethereum and Solana.
7x more fees than BNB
11x less market cap
Hyperliquid. pic.twitter.com/EYBTdXW8pp— Sara.hl (@Saram_ath) May 20, 2025
With its unmatched transparency and advanced trading features, Hyperliquid invites users to experience the future of decentralized finance.
Leveraging its Web3 infrastructure, Hyperliquid enables users to monitor on-chain activity directly linked to trades on the platform. Thus, normal users can watch top traders.
This fosters trust, engagement, and a more dynamic trading experience. Recently, Hyperliquid hit a new milestone.
Its open interest reached an all-time high of $10.1 billion, while 24-hour trading volume soared to $18.91 billion. This placed the platform at no. 5 in the global derivatives market.
Hyperliquid reached new all-time highs again:+ Open interest: $10.1B+ 24h fees: $5.6M+ USDC TVL: $3.5BWelcome to all new members of the ecosystem. pic.twitter.com.
Interestingly, this demand for decentralized derivatives trading surges simultaneously with Hyperliquid’s ongoing buyback strategy for its native $HYPE token.
This strategy has contributed significantly to the token’s value.
Amid the growing popularity and surging revenue, HYPE bulls have charged once again taking the price to an all-time high and into the price discovery zone.
Furthermore, per the CoinGlass data, the HYPE futures open interest is up 15.72% to $1.4 billion, showing bullish sentiment among traders. Last week, legendary trader Arthur Hayes gave a $100 target for HYPE.
The post Hyperliquid (HYPE) price hits another all-time high as traders react to huge $28M withdrawal appeared first on Crypto News World.
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