Hyperliquid price rose 4.32% in the past 24 hours as traders showed confidence in one of crypto’s top revenue-generating protocols. With cumulative revenue now over $1.027 billion and annualized revenue nearing $840 million, the investment case for Hyperliquid coin remains strong.
At the time of writing, the HYPE token traded around $65.42, with a market cap of $16.54 billion. Trading volume jumped 77.49% over 24 hours to over $643 million, indicating increased user activity on the coin.
Another important factor is that 97% to 99% of protocol fees go to Hyperliquid’s buyback-and-burn system. Total value locked has also reached $5.75 billion, directly connecting platform activity, revenue, and token demand.
Whale flows have also remained constructive. Lookonchain reported that a newly created wallet withdrew 222,493 HYPE, worth approximately $14.41 million, from Coinbase Prime. Another whale address received 44,986 HYPE, valued at roughly $2.87 million, from FalconX, despite the rather muted price performance over the past few days.
Hyperliquid Price Holds Trend Support While Resistance Stalls Advances
The technical picture shows the market is consolidating after a strong rally. HYPE remains above its 50-day EMA at $60.01, and the daily chart shows higher highs and higher lows, even amid recent pullbacks. The Average Daily Range is 4.824 and has begun to decline, suggesting that volatility is easing after June’s big move.
Leon Voss described HYPE coin as being at a decision point. He noted that two attempts to clear resistance failed, evidence that sellers are still active near the highs, while higher support continues to attract buyers. His framework is that if the Hyperliquid coin loses support, resistance and expansion become possible; if it loses support, a deeper retracement becomes more likely.
Altcoin Sherpa identified the $55-$64 region as a reasonable accumulation area and argued that the broader structure remains intact as long as Bitcoin price avoids a sharp decline. Current price action is testing the upper end of that zone.
At the moment, traders are watching whether HYPE can move back toward its all-time high of $76.85 set on June 16. The token is now about 14.87% below that peak but is still up 1,944.42% from its all-time low of $3.20 on November 29, 2024.
As long as the Hyperliquid price stays above its rising 50-day EMA and demand is tied to platform activity, the market views pullbacks as support tests, not signs of a trend reversal.
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