Hype breaks $76.90 to hit a new all-time high, with a monthly increase of over 90%

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Crypto News, Hype tokens surpassed $76.90 on June 16, 2026, setting a new all-time high, with a monthly increase of over 90%, approaching the top ten cryptocurrencies by market cap. This breakthrough triggered approximately $11.5 million in short liquidations, heavily impacting leveraged short traders and accelerating the token's rise. Hype's total protocol revenue reached $1.16 billion, making it one of the highest-earning decentralized exchanges in the Web3 space. On June 14, HyperLiquid's total open interest (OI) exceeded $6 billion, accounting for 8.3% of the global perpetual contract market share. Trading volume was mainly driven by the launch of synthetic non-crypto assets, with the perpetual contract market capturing $1.4 billion in daily trading volume. On-chain tracking shows that Wall Street managers increased their holdings by over 682,000 Hype tokens (worth about $35 million) within a week, and emerging Hype spot ETFs experienced massive inflows, with daily capital injections reaching $172 million.
HYPE-5.15%
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OrdersPlacedBeforeTheStorm
· 9h ago
HyperLiquid's revenue data is indeed impressive; 1.16 billion dollars in CEXs also makes it a top player.
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CatPawTapToConfirm
· 9h ago
The short sellers got wiped out, $11.5 million vanished into thin air, this trend is too classic
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