HYPE token hits $74.67, surpassing Solana; ETFs attract $136M in 3 weeks amid Bitcoin outflows
The HYPE token from Hyperliquid surged to a new high of $74.67, overtaking Solana's SOL token in price for the first time. This rise is supported by the launch of Grayscale's HYPG ETF alongside two other U.S.-listed HYPE ETFs, collectively drawing over $136 million in net inflows within three weeks. While Bitcoin ETFs saw $396 million in withdrawals recently, capital appears to be shifting towards HYPE and similar assets. Hyperliquid's platform also recorded a record 6.63% share of the global perpetual futures market in May, with over $62 billion in trading volume. Analysts, including CoinShares, forecast HYPE could reach $147 by 2031 due to its buyback system and growing market adoption.
The HYPE token from Hyperliquid surged to a new high of $74.67, overtaking Solana's SOL token in price for the first time. This rise is supported by the launch of Grayscale's HYPG ETF alongside two other U.S.-listed HYPE ETFs, collectively drawing over $136 million in net inflows within three weeks. While Bitcoin ETFs saw $396 million in withdrawals recently, capital appears to be shifting towards HYPE and similar assets. Hyperliquid's platform also recorded a record 6.63% share of the global perpetual futures market in May, with over $62 billion in trading volume. Analysts, including CoinShares, forecast HYPE could reach $147 by 2031 due to its buyback system and growing market adoption.
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