HYPE has hit a new high, institutions are truly buying with real money.

HYPE2.62%
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CoinNetwork
CryptoWorld News reports that, according to Lookonchain data, the HYPE token has increased by 13% in the past 24 hours, reaching a new all-time high of $62.38, with institutional demand continuing to rise. Grayscale purchased 115,733 HYPE tokens in the past hour, worth approximately $6.65 million, and a total of 682,190 HYPE tokens over the past week, valued at about $34.9 million. Additionally, Coinbase has also become the official USDC liquidity provider for HyperLiquid and plans to acquire the USDH brand assets. HYPE has now entered the price discovery phase.
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