CryptoWorld News reports that Hyperliquid's HYPE token hit a new all-time high of $76.70 on June 16, up nearly 10% in the past 24 hours. The token has increased approximately 46% over the past week and more than 90% over the past month. Asset management firm Bitwise purchased about 77,100 HYPE tokens, worth approximately $5.2 million, to support its newly launched Bitwise Hyperliquid ETF. Trading activity on the Hyperliquid platform continues to grow, with the recent SpaceX pre-IPO perpetual contract generating around $1.2 billion in trading volume over the past week. According to CryptoWorld News data, Hyperliquid recently captured about 8.3% of the global perpetual contract open interest, with total open interest exceeding $9.6 billion.

HYPE7.96%
SPCX-3.42%
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SudoSatoshi
· 4h ago
SpaceX pre-IPO contracts generate 1.2 billion in a week; this liquidity is truly attractive
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StargazingWithAMirroredSphere
· 4h ago
Bitwise's recent move into the market is interesting; institutions are starting to focus on Hyperliquid.
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OracleBabysitter
· 4h ago
76.7 new high, doubling in a month, this momentum is even more intense than DeFi summer
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