- Hyperliquid (HYPE) trades above $44 after hitting a new all-time high
- A rally of more than 11% in the last 24 hours keeps bulls in control as open interest also reaches a fresh ATH
- Technical indicators suggest a breakout above $50 is possible, but can the bull run reach $100 in the coming days?
Hyperliquid (HYPE) surged to a new all-time high above $44.76 on June 16, 2025, pushing buyers into price discovery mode.
The move higher reflected an 11% gain over 24 hours and more than a 25% increase over the past week.
With HYPE showing a strong uptrend among top market performers, rising open interest and bullish setups point to the potential for a climb above $50.
Innovative DeFiLlama-backed infrastructure and proactive token buybacks have been bullish catalysts for Hyperliquid’s recent strength.
HYPE price hits new record high
At the time of writing, the native token of this Layer 1 blockchain focused on decentralized finance (DeFi) is trading around $44.36. According to market data, HYPE reached an intraday all-time high of $44.76 in early Monday trading.
The rally coincided with a rapidly rising total value locked (TVL), which has now topped $2.24 billion.
DeFiLlama data shows Hyperliquid’s TVL increased nearly 7% in the last 24 hours. On June 11, 2025, Hyperliquid’s TVL was approximately $1.7 billion, demonstrating notable growth in less than a week.
The project’s expanding ecosystem, which includes significant stablecoin architecture and an active developer community, has helped support the bullish momentum.
When HYPE hit its new ATH above $44.7, a whale holding a 4x leveraged long position realized sizable unrealized gains. OnChain Lens noted that the whale’s floating profit exceeded $13.7 million at that time.
Just In: $HYPE hits a new ATH, surpassing $44.4.
The whale holding a $HYPE long position with 4x leverage now enjoys a floating profit of over $13.7M.
— Onchain Lens (@OnchainLens) June 16, 2025
Price outlook for Hyperliquid: Is $100 next?
Rising open interest, heavy trading volumes, and growing institutional attention are all factors behind HYPE’s record price performance.
Derivatives volume for HYPE climbed by 29% to exceed $1.8 billion, according to market analytics, while open interest sits above $2 billion with a rise of more than 15%—an optimistic signal for Hyperliquid’s price potential that aligns with key technical indicators.
On the daily chart, the 14-day Relative Strength Index (RSI) reads around 69, which suggests the market is not yet overbought and that buyers still have room to push prices higher.
The Moving Average Convergence Divergence (MACD) also supports bullish momentum, with the MACD line positioned above the signal line.
In a bullish scenario, the short-term outlook points toward a decisive move above $50 and a potential run toward the psychological $100 level.
HYPE could see significant upside in 2025 if adoption of decentralized applications grows and attractive financial incentives continue to draw capital into the ecosystem.
On the other hand, profit-taking could force bulls to defend support near $40 and $32.