Hyperliquid Is 5% From Its Record While Bitcoin Is 32% Below Its Own. Can HYPE Break $98?
Key Summary
Hyperliquid (HYPE) is trading at $93, just 5% below its all-time high of $98, reached on September 23. The cryptocurrency has gained 4% in one week and 90% over the past year. In contrast, Bitcoin (BTC) is 32% below its peak price of $126,080, and Ethereum (ETH) is 45% below its high of $4,946. The rest of the major coins, such as XRP and Solana, require a 46% increase to reach their previous records. HYPE's Assistance Fund has spent over $1.3 billion buying the cryptocurrency, with the core team holding only 3.2 million of 405 million unlocked tokens.
While Bitcoin and Ethereum sit far from their peaks and most major coins need massive rallies just to break even, one cryptocurrency is knocking on its all-time high with forces pulling it in opposite directions.