Hyperliquid coin rose 7.81% today, with signs that institutional investors are entering the market. Grayscale Research released a report on May 28 calling Hyperliquid a leading derivatives platform and confirmed discussions for a $115 million seed investment in HYPE tokens to support a planned Hyperliquid Staking ETF.
HYPE price is now just below its all-time high, and the big question is whether strong buying can push it higher or if analysts predicting a peak will be right.
HYPE Spot ETF Inflows Top $100M as Institutional Demand Builds
Grayscale described Hyperliquid as a standout success in today’s digital asset industry, pointing to about $2.9 trillion in 2025 perpetuals volume and open interest above $7 billion, ranking third after Binance and Bybit.
Meanwhile, since May 12, U.S HYPE spot ETFs have seen inflows every day, bringing total net inflows to $100.48 million by May 28. Daily inflows peaked at $25.46 million on May 20, then dropped to $3.40 million and $1.72 million on May 27 and 28, respectively. Bitwise and 21Shares led the early investments.
A strong endorsement also came from ICE chief Jeff Sprecher, who owns the parent company of the NYSE. At Bernstein’s May 27 conference, he said that this 11-person platform has had a bigger impact than NASDAQ.
Revenue is a major reason for the excitement. Grayscale estimates 2025 revenue near $800 million, while the conference put the figure closer to $650 million per year. About 99% of fees go toward HYPE token buybacks and burns, which might push up the price in the long term.
The platform now offers S&P 500 perpetuals, prediction markets, and pre-IPO synthetics, all built on HyperCore and HyperEVM, which have been live since the 2024 airdrop.
Hyperliquid Price Tests $64.59 Record as TD Sequential Sell Signals Build
On Friday morning, Hyperliquid coin was trading at $61.53 at the press time, with a 24-hour range of $56.39 to $62.36. This is just 4.62% below its $64.59 record from May 26 and well above its $3.20 low last November, marking a gain of over 1,825% since then.
Chart analyst Ansem sees a bull pennant forming near the recent high after a roughly 50% gain this week. He expects a breakout within two weeks and does not think the price will drop back to $50.
On the other hand, Ali Charts believes the market is topping out. His 3-day chart shows a TD Sequential Combo 13 sell signal, a green 9 that could appear tomorrow, an overbought RSI, and a stretched Chande Momentum Oscillator. This combination also appeared before the last two corrections, with the coin up 55% this week and over 130% so far this year.
According to this Hyperliquid price prediction, HYPE could make one more move toward $59 or just above $60 before losing momentum, followed by a drop toward $40 if it gets rejected.
For now, the key level to watch is $54. If the coin stays above this price, the uptrend continues. If it falls below, a bigger drop is likely, with possible targets at $48.90, then $44.20, and even $40.
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