# Hyperliquid: Regulatory optimism and HYPE volatility

> Live situation record from CLSTR: https://clstr.news/situations/venezuela-pursues-fresh-financial-options-from-stablecoin-proposals-to-renewed-ties-with-european-ce
> Updated: 2026-09-12T14:43:01.000Z. Sources: 121. Developments: 61.

Hyperliquid continues to pursue a regulatory pathway in the United States to offer on-chain perpetual futures through regulated firms. While the company engages with the SEC and CFTC, the ecosystem has seen significant institutional integration, including the addition of HYPE trading and custody support by Swiss-regulated AMINA Bank AG. The HYPE token has experienced extreme volatility. After reaching a new all-time high of $88, the price faced rejection near $89 in early September and has since pulled back toward the $78 range. Despite this fluctuation, significant accumulation has been noted, with a single large investor purchasing approximately 358,609 HYPE, valued at roughly $28.8 million, over a 15-day period. Technical analysts are monitoring the $76–$79 support zone, noting that a failure to maintain it could lead to a decline toward $60, while breaking $90 resistance could drive the token toward $100. Growth has been driven by increased user redirection from Coinbase’s Base App and political commentary from Donald Trump regarding efforts by the CFTC to link Hyperliquid to the US in a regulatory-compliant manner. As the platform’s focus shifts back toward core crypto perpetuals, approximately 97% of fees from these transactions are directed toward HYPE buybacks. Consequently, the platform’s total open interest has climbed to $14.3 billion. Hyperliquid has also expanded its derivatives lineup by listing $USELESS perpetual contracts, which are subject to a 3x leverage cap. Nasdaq-listed Hyperliquid Strategies has significantly expanded its HYPE treasury, increasing holdings from 12.5 million to 29.3 million tokens following a $646.6 million capital raise. To support corporate purposes, the company expanded its equity financing facility with Chardan Capital Markets from $1 billion to $2.5 billion. Institutional exposure to U.S.-listed Hyperliquid ETFs is expanding.

## Claims

- President Donald Trump stated that the CFTC is working to bring Hyperliquid into the U.S. in a compliant manner. (corroborated by 5 sources)
- The HYPE token reached a new all-time high of approximately $82. (corroborated by 5 sources)
- Hyperliquid Strategies raised approximately $646.6 million through a committed equity facility during the fiscal year ended June 30. (corroborated by 4 sources)
- The company deployed roughly $773.4 million to acquire HYPE tokens and repurchase its own shares by August 19. (corroborated by 4 sources)
- The company's HYPE treasury reached 29.3 million tokens. (corroborated by 4 sources)
- The company reported approximately $709.9 million in unrealized HYPE gains. (corroborated by 3 sources)
- The company acquired 16.5 million HYPE tokens at an average price of $46.77 per token. (corroborated by 3 sources)
- Hyperliquid Strategies spent $27.8 million to repurchase approximately 5.8 million PURR shares. (corroborated by 3 sources)
- The company reported total assets of $2.06 billion, $149.9 million in cash and equivalents, and zero debt. (corroborated by 3 sources)
- Multicoin Capital-linked wallets transferred approximately $31.74 million worth of HYPE tokens to Coinbase Prime over three days. (corroborated by 2 sources)
- Binance founder Changpeng Zhao described a potential U.S. pathway for Hyperliquid as a win for the crypto industry. (corroborated by 2 sources)
- Hyperliquid Strategies reported a fiscal-year net income of $305.5 million. (corroborated by 2 sources)

## Timeline

### 2026-09-12: Hyperliquid burns 32,770 HYPE tokens as TVL nears $7 billion

Hyperliquid has burned 32,770 HYPE tokens amid rising TVL approaching $7 billion. Additionally, Multicoin Capital named the protocol one of its largest holdings following a reassessment.

3 sources. https://clstr.news/cluster/hyperliquid-burns-32770-hype-tokens-as-tvl-nears-7-billion

### 2026-09-12: HYPE token price fluctuates amid $28.8 million whale accumulation

HYPE token faces volatility after a price pullback, despite a single whale accumulating $28.8 million in assets. Key resistance sits at $90, while support levels are identified between $76 and $79.

2 sources. https://clstr.news/cluster/hype-token-price-fluctuates-amid-288-million-whale-accumulation

### 2026-09-08: Hyperliquid open interest hits $14.3 billion as HYPE reaches all-time high

Hyperliquid's open interest has reached $14.3 billion as its native HYPE token hits an all-time high of $88, driven by a shift toward core crypto perpetuals and increased market engagement.

6 sources. https://clstr.news/cluster/hyperliquid-open-interest-hits-143-billion-as-hype-reaches-all-time-high

### 2026-09-05: Hyperliquid ETF institutional exposure reaches $74.9 million

Thirty institutions, including UBS and Jane Street, reported $74.9 million in Hyperliquid ETF exposure as of June 30, signaling growing institutional interest in the HYPE token.

10 sources. https://clstr.news/cluster/ubs-and-jane-street-join-institutional-interest-in-hyperliquid-etfs

### 2026-09-02: Multicoin Capital transfers $21.7 million in HYPE to Coinbase Prime

Multicoin Capital transferred approximately $21.7 million worth of HYPE tokens to Coinbase Prime, sparking market speculation regarding potential institutional selling pressure.

3 sources. https://clstr.news/cluster/multicoin-capital-transfers-217-million-in-hype-to-coinbase-prime

### 2026-09-02: Hyperliquid expands market infrastructure via HIP-4 and HIP-3

Hyperliquid has expanded its blockchain infrastructure via HIP-4 and HIP-3, enabling permissionless deployment of outcome contracts and perpetual futures for crypto and traditional assets.

2 sources. https://clstr.news/cluster/hyperliquid-expands-market-infrastructure-via-hip-4-and-hip-3

### 2026-09-02: Hyperliquid Strategies expands equity facility to $2.5 billion

Hyperliquid Strategies has increased its equity financing facility with Chardan Capital Markets to $2.5 billion to support corporate purposes, including potential purchases of the HYPE token.

3 sources. https://clstr.news/cluster/hyperliquid-strategies-expands-equity-facility-to-25b

### 2026-08-27: Hyperliquid Strategies expands HYPE treasury to 29.3 million tokens

Hyperliquid Strategies expanded its HYPE treasury to 29.3 million tokens after raising $646.6 million, reporting $305.5 million in net income and significant unrealized gains from its HYPE holdings.

15 sources. https://clstr.news/cluster/hyperliquid-strategies-expands-hype-treasury-to-293-million-tokens

### 2026-08-25: Hyperliquid revenue hits record high as Kinetiq announces Elysium L2

Hyperliquid's HyperEVM hit record daily revenues of $500,000, while Kinetiq announced Elysium, a new layer-2 network using HYPE as its gas token to improve ecosystem capacity.

5 sources. https://clstr.news/cluster/hyperliquid-revenue-hits-record-high-as-kinetiq-announces-elysium-l2

### 2026-08-24: Hyperliquid HYPE token hits record highs amid regulatory signals

Hyperliquid's HYPE token hit record highs following the activation of the AQAv2 framework for USDC-funded buybacks and signals of a compliant US regulatory pathway for its perpetual futures.

15 sources. https://clstr.news/cluster/hyperliquid-hype-token-hits-all-time-high-of-8327

### 2026-08-21: Hyperliquid HYPE token hits record high amid U.S. regulatory optimism

Hyperliquid's HYPE token hit a record high of $82 following comments from Donald Trump regarding potential U.S. regulatory pathways. The platform sees surging volume and open interest.

15 sources. https://clstr.news/cluster/hype-token-hits-record-high-amid-multicoin-capital-transfers-to-coinbase-prime

### 2026-08-20: FalconX transfers large amounts of HYPE crypto to major exchanges

Institutional wallets, including those linked to FalconX, have transferred hundreds of thousands of HYPE tokens to major exchanges, signaling potential sell pressure for Hyperliquid.

2 sources. https://clstr.news/cluster/falconx-transfers-large-amounts-of-hype-crypto-to-major-exchanges

### 2026-08-19: Hyperliquid Strategies shares rise over 11% amid ecosystem sentiment

Hyperliquid Strategies (PURR) shares rose over 11% amid increased trading volume and positive sentiment regarding the Hyperliquid ecosystem and its HYPE token treasury.

6 sources. https://clstr.news/cluster/hyperliquid-strategies-shares-rise-over-11-amid-ecosystem-sentiment

### 2026-08-14: Hyperliquid ETF inflows reverse after strong initial momentum

Inflows into Hyperliquid cryptocurrency ETFs have slowed after strong initial starts, driven by competition from perpetual futures trading on decentralized protocols.

2 sources. https://clstr.news/cluster/hyperliquid-etf-inflows-reverse-after-strong-initial-momentum

### 2026-08-12: Hyperliquid ecosystem sees surging HYPE flows and institutional adoption

Hyperliquid's HYPE token sees surging spot flows and institutional custody via AMINA Bank, while Hyperion DeFi reports record Q2 profits driven largely by HYPE treasury gains.

7 sources. https://clstr.news/cluster/hyperion-defi-reports-record-31-million-q2-profit

### 2026-08-11: Hyperliquid seeks U.S. regulatory path for perpetual futures

Hyperliquid is lobbying U.S. regulators for a compliant path to offer perpetual futures in the U.S. market, while Bitwise continues to accumulate the platform's HYPE token.

12 sources. https://clstr.news/cluster/hyperliquid-hype-token-sees-1117-million-institutional-purchase

### 2026-08-09: Hyperliquid (HYPE) eyes $100 target following $10.7M whale withdrawal

Hyperliquid (HYPE) sees bullish momentum following a $10.69 million whale withdrawal from Coinbase, with traders eyeing a potential breakout past the $65 resistance level toward $100.

5 sources. https://clstr.news/cluster/hyperliquid-hype-eyes-100-target-following-107m-whale-withdrawal

### 2026-08-07: Hyperliquid sees trading growth amid HYPE token volatility

Hyperliquid sees rising trader activity and significant HYPE token volatility driven by revenue shifts, token unlocks, and fluctuating ETF inflows.

8 sources. https://clstr.news/cluster/hyperliquid-hype-token-aims-for-100-as-token-burn-cuts-supply

### 2026-08-03: Hyperliquid token HYPE rebounds while hitting record open interest

HYPE token rebounds toward $56, testing $58 resistance, while Hyperliquid hits $5.25 bn open interest, burns $643k tokens, and sees revenue drop, prompting analysts to call the $52 price a realistic valuation.

8 sources. https://clstr.news/cluster/hyperliquids-hype-token-reaches-525-b-open-interest-as-price-pulls-back-to-50

### 2026-07-31: Hyperliquid launches HIP-4 permissionless testnet as HYPE token slides below $55

Hyperliquid opened HIP-4 permissionless testnet for prediction markets while its HYPE token slipped below $55 amid whale sell‑offs and broader crypto weakness.

9 sources. https://clstr.news/cluster/hyperliquid-launches-hip-4-permissionless-testnet-as-hype-token-slides-below-55

### 2026-07-31: Hyperliquid’s HYPE token tests key support as platform outpaces Uniswap V3 in daily fees

Hyperliquid’s HYPE token hovers near $53, testing support while the platform logs $13.5 B daily volume and tops Uniswap V3 in protocol fees, hinting at a possible bullish reversal.

3 sources. https://clstr.news/cluster/hyperliquids-hype-token-tests-key-support-as-platform-outpaces-uniswap-v3-in-daily-fees

### 2026-07-27: Hyperliquid's HYPE Token Drops 9% Amid ETF Interest and Rising Derivatives Open Interest

Hyperliquid's HYPE token fell 9% to about $60.40 despite ETF interest; price eyes $64 resistance while open interest tops $5.7 billion and weekly active users drop to ~149 k.

2 sources. https://clstr.news/cluster/hyperliquids-hype-token-drops-9-amid-etf-interest-and-rising-derivatives-open-interest

### 2026-07-25: Hyperliquid L1 Perpetual Futures Exchange Attracts US Traders and Institutional Staking Millions

Hyperliquid’s custom L1 blockchain delivers sub‑second perpetual futures trading, while institutional whales stake over $200 million in HYPE tokens, boosting its market profile.

3 sources. https://clstr.news/cluster/hyperliquid-l1-perpetual-futures-exchange-attracts-us-traders-and-institutional-staking-millions

### 2026-07-25: Whale Stakes $32.9 Million of HYPE Tokens on Hyperliquid Platform

A whale moved about $33 million of HYPE tokens to HyperCore for staking after receiving them from FalconX, as the token fell 1.6% amid broader crypto market weakness.

7 sources. https://clstr.news/cluster/whale-stakes-329-million-of-hype-tokens-on-hyperliquid-platform

### 2026-07-22: Hyperliquid’s HYPE Token sees major whale activity, staking moves and open‑interest surge

HYPE token sees large whale staking profit, $59 M exchange transfers, 130 % open‑interest jump and $150 M of pending withdrawals, while Hyperliquid launches permissionless HIP‑4 markets.

11 sources. https://clstr.news/cluster/hyperliquids-hype-token-draws-80-m-leveraged-long-as-platform-plans-permissionless-hip4-rollout

### 2026-07-20: Hyperliquid launches permissionless HIP‑4 prediction markets

Hyperliquid's Phase 2 upgrade lets any builder launch HIP‑4 prediction markets by staking HYPE tokens, with on‑chain settlement and shared liquidity.

9 sources. https://clstr.news/cluster/hyperliquid-launches-permissionless-hip4-prediction-markets

### 2026-07-18: HYPE token drops 24% after missing key support, focus on $44‑$38 zone

HYPE token fell 24% after rejecting $75‑$90 resistance, now near $58, with traders eyeing $44‑$38 support; analysts note broken uptrend and possible further downside.

6 sources. https://clstr.news/cluster/hype-token-drops-24-after-missing-key-support-focus-on-4438-zone

### 2026-07-17: Andreessen Horowitz-linked wallets move millions of HYPE tokens on Hyperliquid

Suspected a16z-linked wallets transferred and sold millions of HYPE tokens on Hyperliquid, prompting a near‑10% price drop; ownership not officially confirmed.

2 sources. https://clstr.news/cluster/andreessen-horowitz-linked-wallets-move-millions-of-hype-tokens-on-hyperliquid

### 2026-07-16: Crypto Analyst Ansem Questions Token Buybacks as Trust Drives Valuations

Crypto trader Ansem says token buybacks alone can't explain why Hyperliquid’s HYPE trades at $65 billion while Pump.fun’s PUMP sits at $1.4 billion, attributing the gap to a trust premium and urging Pump.fun to

2 sources. https://clstr.news/cluster/crypto-analyst-ansem-questions-token-buybacks-as-trust-drives-valuations

### 2026-07-16: Hyperliquid's HYPE Token Overtakes Dogecoin, Reaches $1.2 B in Fees

Hyperliquid's HYPE token has overtaken Dogecoin in market cap, surpassed $1.2 billion in fees, and faces price volatility after a $6.5 m whale sale, while its buy‑back‑burn model reduces supply.

6 sources. https://clstr.news/cluster/hyperliquid-posts-24-million-daily-fee-revenue-as-institutional-partner-deploys-500000-hype-tokens

### 2026-07-16: HYPE token drops 7% to $62, testing support amid growing institutional interest

HYPE token fell 7% to $62, testing key support; HyperLend reports 83% of deposits tied to HYPE, while institutional investors cite strong fundamentals and a pending Binance listing.

4 sources. https://clstr.news/cluster/hype-token-drops-7-to-62-testing-support-amid-growing-institutional-interest

### 2026-07-13: Hyperliquid Derivatives Exchange Records $11 B Open Interest, RWA Markets Reach $3.6 B

Hyperliquid’s total open interest hit $11 billion, with record $3.6 billion in real‑world asset markets and $3.7 billion from HIP‑3 contracts, showing strong DeFi derivatives activity.

4 sources. https://clstr.news/cluster/hyperliquid-derivatives-exchange-records-11-b-open-interest-rwa-markets-reach-36-b

### 2026-07-10: Hyperliquid traders move $4.8 B to traditional assets as HYPE token eyes $80

Hyperliquid traders shifted $4.8 B to traditional assets, boosting open interest to $3.4 B, while its HYPE token trades near $67 and may break $80 on bullish technical signals.

4 sources. https://clstr.news/cluster/hyperliquid-sees-48-b-shift-to-traditional-assets-and-joins-bitwise-10-crypto-etf

### 2026-07-08: Hyperliquid HYPE token price dips after Trump comments, token unlocks continue

Hyperliquid’s HYPE token fell to $67.9 after Trump said the Iran MoU is over, but stays above key averages; a July token unlock of 9.9 M HYPE kept price near $68 amid strong revenue and buy‑back support.

3 sources. https://clstr.news/cluster/hyperliquid-hype-token-price-dips-after-trump-comments-token-unlocks-continue

### 2026-07-07: Hyperliquid's HYPE token sees support as $97 million whale position builds

Hyperliquid's HYPE token holds key support and bullish indicators while a $97 million on‑chain long position highlights rising institutional interest.

2 sources. https://clstr.news/cluster/hyperliquids-hype-token-sees-support-as-97-million-whale-position-builds

### 2026-07-06: Hyperliquid Protocol Revenue Surpasses $1 Billion in June

Hyperliquid’s perpetual futures platform earned over $1 billion in June, using 99 % of fees for token buy‑backs, launching institutional ETFs and facing heightened regulator scrutiny.

2 sources. https://clstr.news/cluster/hyperliquid-protocol-revenue-surpasses-1-billion-in-june

### 2026-07-04: Hyperliquid token HYPE surges amid buybacks and market expansion

Hyperliquid's HYPE token jumps 4% to $71, driven by high fee‑backed buybacks, $1 bn revenue, three U.S. spot ETFs, and faces a $645 m unlock on July 6.

4 sources. https://clstr.news/cluster/hyperliquid-hype-token-jumps-to-record-high-as-buybacks-and-new-etfs-drive-price

### 2026-06-29: Hyperliquid token HYPE rebounds to around $65 after dip

Hyperliquid’s HYPE token rose to about $65 on June 29, up ~6% after a dip, aided by 99% fee‑backbuying, expanded margin tools and $6 bn USDC liquidity, signalling bullish momentum.

2 sources. https://clstr.news/cluster/hyperliquid-token-hype-rebounds-to-around-65-after-dip

### 2026-06-27: Hyperliquid's HYPE token logs record ETF inflows amid crypto market outflows

HYPE token recorded $113 M of ETF inflows in a week, about 0.8 % of its market cap, while Bitcoin, Ethereum and Solana saw multi‑billion‑dollar outflows.

5 sources. https://clstr.news/cluster/hyperliquids-hype-token-logs-record-etf-inflows-amid-crypto-market-outflows

### 2026-06-24: Hyperliquid’s HYPE token projected to hit $319 by 2028

Multicoin Capital targets a $319 price for Hyperliquid’s HYPE token by 2028 – over 400% rise from its ~ $63 level – citing $8 bn profit forecasts, dominant DeFi perpetuals market share, and recent whale moves;

12 sources. https://clstr.news/cluster/hyperliquid-hype-token-sees-23-million-whale-withdrawals-as-price-tests-60-support

### 2026-06-23: Hyperliquid token drops below key support as HYPE falls 7% in 24 hours

Hyperliquid (HYPE) fell 7% to $63.32, breaking key support; Turkish HEKTS stock closed near 3.99 TL after modest volatility.

2 sources. https://clstr.news/cluster/hyperliquid-token-drops-below-key-support-as-hype-falls-7-in-24-hours

### 2026-06-23: Hyperliquid token slides as leveraged longs liquidated, breaking key support

Hyperliquid token dropped to $63.32 after $12 M in leveraged longs were liquidated, breaking key support and signaling further bearish pressure.

2 sources. https://clstr.news/cluster/hyperliquid-token-slides-as-leveraged-longs-liquidated-breaking-key-support

### 2026-06-22: Hyperliquid token rallies 147% then dips in June as whales buy, retail sell

Hyperliquid’s HYPE token jumped 147% in 2026, hit a June ATH of $76.96, then fell about 13% to around $50. Whales increased holdings while retail wallets dropped, with short‑position bias among top‑profit users

2 sources. https://clstr.news/cluster/hyperliquid-token-rallies-147-then-dips-in-june-as-whales-buy-retail-sell

### 2026-06-20: Hyperliquid (HYPE) token surges 194% as US regulators approve perpetual futures

Hyperliquid (HYPE) token rose 194% to $77 as US regulators permit perpetual futures, prompting competition from Kalshi, Coinbase and Robinhood; price holds above $62 support amid ETF flow slowdown.

6 sources. https://clstr.news/cluster/hyperliquid-hype-token-surges-194-as-us-regulators-approve-perpetual-futures

### 2026-06-20: HYPE token steadies above $70, resistance near $75.75 draws focus

HYPE token stayed above $70 after a $76.95 peak, with support near $70 and resistance around $75.75; traders like Pentosh1 anticipate a dip to the low $50s.

3 sources. https://clstr.news/cluster/hype-token-steadies-above-70-resistance-near-7575-draws-focus

### 2026-06-18: Hyperliquid token gains ETF staking boost amid XRP performance debate

Hyperliquid’s HYPE token, up ~190% YTD, receives a boost as Bitwise stakes 1 M tokens in its ETF, while analysts compare it to XRP, which is down 34% this year.

2 sources. https://clstr.news/cluster/hyperliquid-token-gains-etf-staking-boost-amid-xrp-performance-debate

### 2026-06-18: Hyperliquid (HYPE) token shows resilience as ETF inflows surge

Hyperliquid (HYPE) token draws $161 M in ETF inflows, trades near $67, and eyes a Binance listing after a $10 M presale, with analysts citing resilience amid limited sell‑pressure.

2 sources. https://clstr.news/cluster/hyperliquid-hype-token-shows-resilience-as-etf-inflows-surge

### 2026-06-17: Hyperliquid PURR Shares Jump as Crypto Rally Continues, MicroStrategy Linked to New Bitcoin Target

Hyperliquid PURR stock climbs sharply on HYPE token gains, while ARK’s higher Bitcoin target impacts MicroStrategy’s Bitcoin‑linked share price.

2 sources. https://clstr.news/cluster/hyperliquid-purr-shares-jump-as-crypto-rally-continues-microstrategy-linked-to-new-bitcoin-target

### 2026-06-16: Hyperliquid crypto ETF draws $170 million as low‑cost ETF plans gain traction

Hyperliquid crypto ETFs have attracted over $170 million in a month, while a guide shows how to begin a €50‑monthly low‑cost ETF accumulation plan.

2 sources. https://clstr.news/cluster/hyperliquid-crypto-etf-draws-170-million-as-lowcost-etf-plans-gain-traction

### 2026-06-16: Hyperliquid HYPE token tops $76 as ETFs draw $180 million of inflows

Hyperliquid’s HYPE token hit a $76.90 all‑time high as three U.S. ETFs (THYP, BHYP, HYPG) pulled about $180 million in inflows, with Bitwise’s fund staking over 1 million tokens.

6 sources. https://clstr.news/cluster/hyperliquids-hype-token-hits-new-alltime-high-of-768

### 2026-06-15: Hyperliquid token HYPE reaches new all‑time high near $76

Hyperliquid’s HYPE token hit a new all‑time high near $76, driven by Bitwise’s ETF‑linked purchase, strong SpaceX futures volume and the platform’s buy‑back‑burn program.

7 sources. https://clstr.news/cluster/hyperliquid-token-hype-rallies-toward-75-breakthrough

### 2026-06-05: Hyperliquid (HYPE) token draws ETF inflows as price falls on Arthur Hayes sell‑off

Hyperliquid (HYPE) ETFs attract $150 million in assets, yet the token’s price fell after Arthur Hayes sold portions of his holdings, underscoring crypto market sensitivity.

3 sources. https://clstr.news/cluster/hyperliquid-hype-token-draws-etf-inflows-as-price-falls-on-arthur-hayes-selloff

### 2026-06-05: Hyperliquid token unlock drives 6% drop in HYPE price

A June 6 vesting unlock released 238 M HYPE tokens (≈23.8% supply), causing a 6% price drop to $56.87 as market sentiment turned bearish; analysts compare HYPE’s stock‑like traits to rival PURR token.

2 sources. https://clstr.news/cluster/hyperliquid-token-unlock-drives-6-drop-in-hype-price

### 2026-06-04: HYPE token whale amasses over $170 million in unrealized gains on Hyperliquid

Two HYPE token whales on Hyperliquid hold over $170 million in unrealized gains, one linked to a16z‑associated wallets, prompting trader focus on continued token accumulation.

2 sources. https://clstr.news/cluster/hype-token-whale-amasses-over-170-million-in-unrealized-gains-on-hyperliquid

### 2026-06-03: HYPE token climbs to $75 as ETFs boost demand and BlockDAG launches buyback sale

HYPE token hits $75 on ETF inflows and bullish technicals, while BlockDAG rolls out a discounted buyback sale.

2 sources. https://clstr.news/cluster/hype-token-climbs-to-75-as-etfs-boost-demand-and-blockdag-launches-buyback-sale

### 2026-06-01: Grayscale Nears Launch of Hyperliquid Staking ETF with 0.29% Fee

Grayscale filed a sixth SEC amendment for its Hyperliquid Staking ETF (ticker HYPG) with a 0.29% fee, aiming to launch soon; the ETF will hold ~2 million HYPE tokens and undercuts rivals, while HYPE token rose

4 sources. https://clstr.news/cluster/grayscale-nears-launch-of-hyperliquid-staking-etf-with-029-fee

### 2026-05-29: Hyperliquid’s HYPE token hits $68 record as institutional ETFs drive surge

Hyperliquid’s HYPE token hit $68.64, driven by $60 M ETF inflows, institutional backing from Grayscale and ICE, and a CFTC‑approved Bitcoin perpetual futures contract.

18 sources. https://clstr.news/cluster/hedera-hashgraph-hbar-rallies-12-as-price-breaks-0085-level-and-open-interest-jumps

### 2026-05-23: Hyperliquid’s HYPE token hits record high, enters top‑10, overtakes Dogecoin

Hyperliquid’s HYPE token surged past $60, hit over $16 bn market cap, entered the top‑10 crypto list, overtaking Dogecoin, spurred by institutional ETFs and large fee‑based buybacks.

5 sources. https://clstr.news/cluster/hyperliquids-hype-token-hits-record-high-enters-top10-overtakes-dogecoin

### 2026-05-21: Hyperliquid's HYPE token tops $62 as ETF inflows drive record surge

Hyperliquid's HYPE token hit a record above $62 as ETF inflows total $54 M in a week, drawing institutional buyers and boosting tokenized‑security markets.

5 sources. https://clstr.news/cluster/hyperliquids-hype-token-tops-62-as-etf-inflows-drive-record-surge

### 2026-05-20: HyperLiquid’s HYPE Token Jumps 77% in 2026 Amid ETF Launch and US Partnerships

HyperLiquid’s HYPE token up 77% in 2026, bolstered by US partnerships, a Bitwise ETF and a 99% fee‑back token‑buy‑back model.

3 sources. https://clstr.news/cluster/hyperliquids-hype-token-jumps-77-in-2026-amid-etf-launch-and-us-partnerships

### 2026-05-14: Hyperliquid HYPE token surges as Bitwise ETF launches and Coinbase becomes USDC treasury deployer

Hyperliquid’s HYPE token jumps 6‑23% to $45‑47 as Bitwise’s ETF launches and Coinbase becomes USDC treasury deployer, while CME/ICE lobby regulators.

17 sources. https://clstr.news/cluster/coinbase-boosts-usdc-liquidity-as-official-treasury-for-hyperliquid

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Cite as: Hyperliquid: Regulatory optimism and HYPE volatility. CLSTR, https://clstr.news/situations/venezuela-pursues-fresh-financial-options-from-stablecoin-proposals-to-renewed-ties-with-european-ce