Hyperliquid token HYPE reaches new all‑time high near $76

The Hyperliquid token (HYPE) surged to a fresh all‑time high of about $76.70, breaking its previous peak of $75.48. The rally was fueled by multiple factors: Bitwise’s purchase of roughly 77,100 HYPE tokens worth $5.2 million to support its new Bitwise Hyperliquid ETF, strong demand from the platform’s SpaceX perpetual futures contract that generated roughly $1.2 billion in weekly volume, and the exchange’s buy‑back‑and‑burn mechanism that directs 97 % of trading fees to token repurchases.

Technical indicators show the token testing key resistance around $75–$77, with bullish momentum supported by inflows into HYPE spot ETFs and a rise in derivatives open interest. Analysts note that a clean break above $75 could trigger price discovery, while a fall below $65 might confirm a bearish pattern. The price action has drawn attention from traders worldwide, highlighting Hyperliquid’s growing role in the crypto market.