The price of the Hyperliquid (HYPE) token surged above $67 to reach a new all-time high, pushing its market capitalization past $14 billion. A major early investor reportedly locked in over $95 million in profit from the rally, drawing market attention. Analysts attribute the sustained price growth to strong platform usage and a token buyback program that reduces circulating supply.
The Hyperliquid token price reached an all-time high above $67, increasing its total market capitalization beyond $14 billion. This growth is linked to the platform’s performance and a sustained token buyback initiative.
Platform growth and token buybacks continue to reduce supply while strengthening long-term demand for HYPE. The protocol has allocated billions in revenue to buybacks, reducing circulating tokens to just over 45 million.
Early investors are realizing massive gains, with one whale reportedly securing over $95 million in profit. Data from Lookonchain shows a wallet that began with over 819,000 HYPE at genesis and bought more at an average of $4.29 began selling after the price broke $67.
The wallet transferred tokens to Coinbase, realizing approximately $95 million in profit while holding over $84 million in unrealized gains. This large transaction has drawn significant attention, with some analysts noting that further selling by early investors could create short-term price pressure.
Crypto analyst Moon Jeff noted that an upcoming token unlock might slow the rally’s momentum. He also pointed to Hyperliquid‘s planned prediction market as a potential future catalyst for renewed activity and demand.
