Hyperliquid (HYPE) Price: Token Reaches New All-Time High on Strong Momentum

TLDR

HYPE token hit a new all-time high of $42.07 on June 11, 2025, with an 8% daily gain A whale purchased $10 million worth of HYPE tokens during the recent rally Trading volume surged to over $786 million in 24 hours with market cap reaching $14 billion Open Interest in HYPE futures contracts reached a record $1.69 billion Total Value Locked in the Hyperliquid ecosystem climbed to $1.97 billion

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Hyperliquid’s native token HYPE reached a new all-time high of $42.07 on June 11, 2025. The token jumped over 8% during the trading session.

Hyperliquid (HYPE) Price

The rally extended gains from the previous day. This marked a sharp reversal from last week’s dip that brought the token close to the $30 level.

HYPE currently trades around $41.24 at press time. The token remains well above its previous resistance levels.

Trading volume surged to over $786 million in the last 24 hours. HYPE’s market cap now stands at $14 billion.

Source: Coinglass

The price movement comes during a broader crypto market rebound. Various digital assets have recorded fresh gains recently.

Whale activity has increased during the rally. Large position holders have been accumulating HYPE tokens aggressively.

Major Whale Purchases Drive Momentum

According to on-chain analytics platform Spot On Chain, one wallet recently purchased 259,367 HYPE tokens. The purchase was worth nearly $10 million at the time of transaction.

$HYPE continues to attract major purchases as it nears a new ATH!

A whale spent $9.976M in $USDC to buy 259,367 $HYPE at an average price of $38.46 in the past 2 hours.

This whale has realized over $10M in all-time profit on #Hyperliquid.

Follow @spotonchain and monitor the… https://t.co/QAr4rIleqI pic.twitter.com/CA0o2FhtcK

— Spot On Chain (@spotonchain) June 10, 2025

This whale has realized over $10 million in all-time profit trading the token. The purchase represents the latest addition to their position.

Several other large-scale purchases have been recorded. One wallet bought 70,617.6 HYPE tokens at an average price of $35.40.

This transaction was worth approximately $2.5 million. Another purchase involved 28,500 HYPE tokens at $35.09 each, valued at $1 million.

A third major transaction saw 57,372 HYPE tokens purchased at an average cost of $24.95. This buy was valued at $1.45 million.

Growing Market Interest and Platform Metrics

Open Interest in HYPE futures contracts has reached new highs. Data from Coinglass shows OI jumped from $1.42 billion on Saturday to $1.69 billion on Tuesday.

Rising Open Interest typically indicates growing investor confidence. It suggests more traders are entering the market with fresh capital.

Total Value Locked in the Hyperliquid Layer 1 ecosystem hit $1.97 billion. This data comes from DeFiLlama and represents a new record.

Source: DefiLlama

TVL growth reflects increased user activity on the platform. More users are depositing assets into HYPE-based protocols.

The Relative Strength Index on the daily chart stands at 68. This indicates strong momentum while staying below the overbought threshold of 70.

Source: TradingView

The Moving Average Convergence Divergence indicator is approaching a bullish crossover. If confirmed, this could signal another upward move.

Recent integrations and partnerships have strengthened the Hyperliquid network. These developments have attracted more users to the platform.

The ecosystem’s focus on capital efficiency appeals to DeFi users and professional traders. Advanced perpetual trading infrastructure supports fast transaction speeds.

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