started · updated
Hyperliquid HYPE token hits new all-time high near $94
The Hyperliquid HYPE token reached a new all-time high, peaking near $94.46 on September 19. This surge follows a period of significant growth, with the token rising approximately 18% in a single session and over 84% within the last year.
Several fundamental developments are driving the momentum. Hyperliquid has expanded its ecosystem by introducing a manual borrowing feature, allowing users to use HYPE or Bitcoin as collateral for stablecoins. Additionally, the NEAR Protocol has integrated Hyperliquid’s technology to support confidential perpetual futures trading, a move that increases the platform's reach among institutional players seeking privacy.
Market sentiment is also being influenced by institutional interest. Payward, the parent company of Kraken, is reportedly preparing to launch regulated perpetual futures markets for U.S. customers using Hyperliquid’s infrastructure. While the token faces potential competition from major players like Coinbase and Robinhood, technical analysts note that HYPE is currently testing key resistance levels, with the $100 mark serving as a significant psychological target.
Entities
HYPE · Hyperliquid · Kraken · NEAR Protocol · Payward · SEC
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 2 SOURCES] Hyperliquid introduced a manual borrowing feature allowing users to use HYPE and Bitcoin as collateral for stablecoins. www.tokenpost.com · cryptobriefing.com
- [DISPUTED] Hyperliquid's market capitalization has exceeded $20 billion. cryptobriefing.com
- [DISPUTED] The HYPE token reached a new all-time high of approximately $92 to $94. www.fool.com · www.tokenpost.com · cryptobriefing.com
- [○ 1 SOURCE] The HYPE token has increased in value by 260% over the course of the year. www.fool.com