Hyperliquid (HYPE) Rallies Toward $50 as Hypurr NFT Frenzy Sends Floor Above $60K

Hyperliquid’s native token HYPE is approaching the $50 mark after a 24-hour 7.7% enhance to roughly $47, pushed by the launch of 4,600 Hypurr NFTs on the HyperEVM. The assortment launched strongly with a ground close to $68,700 and about $45 million in first-day quantity.

One uncommon piece, Hypurr #21, offered for 9,999 HYPE ($467,000), stressing robust demand amongst NFT merchants and Hyperliquid’s early neighborhood. Most NFTs have been allotted to members from the November 2024 Genesis Event, with some allocations additionally made to the Hyper Foundation and core contributors.

Hyperliquid (HYPE) Trading Volume Surges

Hyperliquid’s community pleasure coincides with elevated derivatives exercise: every day spot buying and selling rose, futures quantity elevated roughly 13.9% to $1.8 billion, and open curiosity grew to $2.28 billion, indicating energetic short-term buying and selling curiosity even when longer-term confidence stays cautious.

Technically, $50 is the fast resistance to surpass; $44 serves as a robust help degree. With RSI close to 46, MACD unfavorable, and Bollinger Bands tightening, merchants are waiting for volatility to broaden, which may form the following transfer.

Institutional Nods and New Infrastructure Strengthen the Narrative

Institutional chatter fuels optimism: ARK Invest’s Cathie Wood lately in contrast Hyperliquid’s development to that of early Solana, putting the DEX firmly on the radar of huge cash. Behind the scenes, the group continues to broaden its defenses.

Hyperliquid launched permissionless spot quote property on mainnet, with USDH (backed by money and U.S. Treasuries) serving as the primary quote. This transfer allows community-driven listings by means of Dutch auctions and introduces HYPE/USDH pairs, increasing liquidity whereas decreasing boundaries.

Launched in February 2025, the HyperEVM programmability layer connects sensible contracts with the chain’s HyperBFT consensus and HyperCore liquidity, permitting builders to create lending markets, vault tokenization, and liquid staking.

Risks: Unlock Overhang, Security Alerts, Rising Competition

Tailwinds apart, buyers face real dangers. A rival perpetuals platform, Aster, briefly surpassed Hyperliquid’s weekly quantity after the token launch, highlighting intense competitors within the DEX house.

Security issues arose when researcher ZachXBT reported the theft of eight Hypurr NFTs price $400K shortly after launch, one other reminder to enhance pockets safety. Most importantly, a pending $12B HYPE unlock threatens value discovery; further provide may strain costs if not absorbed by demand.

To sum this up, if HYPE exceeds $50 on high quantity, bulls may goal a retest of the $59 all-time high from Sept. 18 and may transfer into the $55–$65 vary subsequent. Falling under $44 may trigger a drop into the high-$30s.

Cover picture from ChatGPT, HYPEUSD chart from TradingView