$HYPE Slides as Ethereum Soars and Hyperliquid Hits $19B – Can It Rebound?
2025-07-18 19:15:07
Main Idea
Despite Ethereum's rally overshadowing $HYPE, the Hyperliquid platform achieves record trading volumes and revenue, while $HYPE token faces a price dip.
Key Points
1. Hyperliquid recorded a new all-time high in daily perpetual volume of $18.99 billion, with open interest reaching $13.8 billion.
2. Ethereum's surge to $3,609, up 43% in 30 days, has diverted liquidity from smaller altcoins like $HYPE, which is down 3.3% in 24 hours.
3. Hyperliquid's annualized revenue is around $828 million, with $890 million in annualized fees, reflecting steady platform growth.
4. Public companies like Tony G Co-Investment Holdings and Eyenovia have invested in $HYPE, with Sonnet BioTherapeutics planning a $HYPE-based digital asset treasury.
5. $HYPE's price is consolidating, with key support at $45.55; a break below could lead to further correction, while a rebound may target $50.
Description
The native token of Hyperliquid, $HYPE, is trading lower even as its parent platform records historic growth and Ethereum continues its sharp rally. At the time of writing, HYPE is down 3.3% in the past 24 hours and 1.1% over the past seven days. It’s currently priced at $45.13, roughly 8.5% below its all-time high of $49.75, reached earlier this week. Trading volume remains elevated, hitting over $570 million in the last 24 hours, a 13.4% increase from the day before. Hyperliquid Hits Record Pe...
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