$HYPE at $62, do you want to chase?

Whales just unlocked a $27 million short position, and on June 6th, another $200k of core contributor tokens will be released—yet in the past 10 days, spot ETF has absorbed 1% of the market cap, and the protocol itself bought back $1.16 billion worth of HYPE. Weekly increase of 26%, only 3.7% away from the all-time high.

First look at the surface: a bull run independent of others, momentum like a rainbow.

Up 26% in the past 7 days, a market cap of $15.7 billion breaking into the top ten, over $1 billion in 24-hour trading volume, liquidity crushing many established Layer 1s. From the April low V-shaped reversal, breaking through key resistance at 50-55, all moving averages are bullish, MACD expanding positively, RSI not yet in overbought territory: main upward wave confirmed, don’t get shaken out.

First thing: ETF is real gold and silver buying.

In the first 10 trading days after HYPE spot ETF launched, it absorbed 1.04% of circulating market cap. You heard right, the strongest start among all crypto ETFs, bar none.

Second thing: the protocol itself is the biggest buyer.

Hyperliquid takes 99% of trading fees to buy back and burn HYPE. Recently, in the past 24 hours, it collected $1.36 million in fees, all used for buybacks. Total buyback volume has exceeded $1.16 billion.

Other projects rely on hype and market manipulation, HYPE relies on its own revenue to push prices.

Third thing: fundamentals are solid enough to not look like a new blockchain.

Daily trading volume remains above $8 billion, fully on-chain order book, 75k TPS, blocks produced in 0.07 seconds. No VC dumping, no market maker subsidies, purely community-driven.

Just launched a real-world event prediction market—sports, politics, news betting. Ecosystem expanding, usage increasing, revenue hitting new highs.

One side says:

- 26% increase in 7 days, only 3.7% from new high

- Record ETF inflows, institutional buying

- Protocol buyback of $1.16 billion, deflationary flywheel

- Daily trading volume over $8 billion, supported by real revenue

The other side says:

- On June 6th, $600 million worth of tokens unlocking

- Whales closing positions, short-term profit-taking

- RSI temporarily high, needs a correction

- BTC still oscillating around $75k, market sentiment average

Key level: 60, the starting line for bulls.

Resistance above: 64.59 (ATH) → 70-75 → 85-88

Support below: 58.66 → 55 (strong support) → 50 (bottom line)

Short-term traders:

Buy on dips at 58-60, stop-loss at 57.5, first target 64.5—buy the breakout, second target 70-75.

Swing traders:

Wait for daily close above 62 before adding more, use dynamic take-profit to hold, target 85-100, don’t be scared by the June 6th unlock—market has already priced it in, if it really drops to 55, that’s free money.

Long-term believers:

Invest blindly below 55. HYPE is the most similar project to early Solana in 2026—real revenue, real users, real deflation. Target over 100, corresponding to a market cap of 25 billion, even surpassing Dogecoin—do you think that’s reasonable?

HYPE is not a “hype-driven” new blockchain—

It’s the only token that uses its own earnings to push prices. #股票交易挑战最高赢17000U #美军打击伊朗 $BTC $ETH $HYPE