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HYPE hits record $59.30 as $33.5M in shorts are liquidated

2026-05-21 14:00:53

Hyperliquid's HYPE hit a record $59.30 on Thursday, and $33.5 million in short positions were liquidated over the past 24 hours. The long/short ratio fell to 0.89 and funding rates turned negative, showing traders were positioned against the rally. Hyperliquid generated over $896 million in revenue over the past 12 months, with 97% of trading fees routed to HYPE buybacks.

HYPE10.03%

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