DeFi+Perps+RWA Triple Narrative Convergence $HYPE



HYPE is trading around $39.5 today, down 1-2% in the last 24 hours, with market cap holding steady in the top 10 and daily trading volume around $200-300 million.

It's actually up around 6% over the past week, but pulled back slightly with the market today.

The main catalyst is Grayscale officially filing an S-1 application on March 20 to launch a HYPE ETF (ticker: GHYP). If approved, it will open the institutional capital entrance.

Hyperliquid itself has substantial perpetual trading volume, with a 30-day cumulative volume of 191B+, and prediction market functionality is advancing.

Near-term support at $38, with stronger support around $35. Consider scaling in on dips.
HYPE1,83%
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