ETF funds have been flowing in for three consecutive weeks, and the new high behind this HYPE is supported by genuine buying interest, not just pure narrative hype.

CryptoWorld News: Hyperliquid’s HYPE token reached a new all-time high of nearly $70 on May 31, with a monthly increase of more than 67%. The HYPE token first hit $69.97, before slightly retreating into the $67 to $68 range. The latest data shows that HYPE ranks 11th in the market, with a market cap of over $15 billion, and a fully diluted valuation exceeding $65 billion. HYPE’s 24-hour trading range is between $66.35 and $69.94, indicating that after a modest pullback the token remains close to its all-time high. Demand for HYPE ETFs is one of the main factors driving its price higher. May ETF data shows that the weekly inflow of HYPE tokens has remained in positive growth for three consecutive weeks, with cumulative net inflows reaching $100 million.