Hyperliquid HYPE Crypto Surges to All-Time High | Next Solana Moment?
2025-05-26 09:38:27Hyperliquid’s HYPE Token Surges to New All-Time High: Is This the Next Solana Moment?
The cryptocurrency market is no stranger to explosive rallies, but few have captured attention like Hyperliquid’s native token, HYPE, which has skyrocketed past its previous peak, hitting a new all-time high of $38.63 amid surging trading volumes and open interest. Analysts are now drawing comparisons to Solana’s historic 2021 bull run, suggesting HYPE could be on the verge of a similar parabolic move. But what’s driving this frenzy, and is the momentum sustainable?
The Meteoric Rise of HYPE: A 1,400% Rally in Six Months
Since its launch in late 2024, HYPE has defied expectations, climbing from an initial price of $2 to over $28—a staggering 1,400% surge in just six months. The token’s latest rally has pushed it beyond its previous December 2024 high, with trading volumes exceeding $4.1 billion in the past 24 hours alone.
Key factors behind this surge include:
Institutional Interest: Major exchanges like Binance and OKX have listed HYPE derivatives, boosting liquidity.
Strong Tokenomics: Hyperliquid’s dual deflationary mechanism—burning transaction fees and using an Assistance Fund for buybacks—has reduced circulating supply, driving scarcity.
Solana-Like Breakout Patterns: Technical analysts note that HYPE’s price action mirrors Solana’s 2021 breakout, where SOL surged 300% in months. HYPE has now broken key Fibonacci levels, with targets as high as $128.
Why Experts Compare HYPE to Solana’s 2021 Bull Run
The parallels between HYPE and Solana’s historic rally are striking. Both tokens:
Broke key resistance levels after prolonged consolidation.
Saw RSI enter overbought territory, signaling strong momentum.
Benefited from ecosystem growth—Solana from DeFi and NFTs, Hyperliquid from derivatives trading dominance.
Ansem, a prominent crypto analyst, argues that Hyperliquid combines Solana’s scalability with FTX’s trading efficiency, but with a fully on-chain structure. He highlights that 97% of platform revenue goes back to HYPE stakers, creating a powerful incentive for long-term holding.
Market Impact: Can HYPE Sustain the Rally?
While the bullish case is strong, risks remain:
Overheated Momentum: With RSI above 84, a short-term pullback is possible.
Centralization Concerns: Critics point out that 78% of HYPE’s staking power is controlled by the Hyperliquid Foundation, raising governance questions.
Competition from CEXs: Binance and OKX have aggressively targeted Hyperliquid’s market share, recently listing rival tokens like $JELLYJELLY to siphon liquidity.
Still, if HYPE follows Solana’s trajectory, its next target could be $51.68 (1.618 Fib extension), with a potential peak near $128.
What’s Next for Hyperliquid and HYPE?
The immediate focus is on whether HYPE can hold above $35, a critical support level. If it does, analysts foresee:
Continued institutional adoption, with more exchanges listing HYPE derivatives.
Ecosystem expansion, including new DeFi integrations on Hyperliquid’s HyperEVM chain.
Possible ETF speculation, following Bitcoin and Ethereum’s lead.
As the market watches closely, one question lingers: Is HYPE the next blue-chip crypto, or is this another hype cycle?
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Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.
Sources:
CCN – "Hyperliquid’s HYPE Hits All-Time High"
Crypto.news – "HYPE Eyes 24% Rally as Bullish Patterns Emerge"
Cointelegraph – "What’s the Hype About Hyperliquid’s Solana Moment?"
CryptoPotato – "HYPE Taps New All-Time High as Bitcoin Recovers to $110K"