Key Takeaways:
HYPE surged to $59.06 on Thursday morning, putting the token just cents away from its 2025 all-time high.The new AQAv2 framework ties Hyperliquid revenue to deposits, aiming for $135M to $160M near term.Critics warn of a bubble ahead of Hyperliquid unlocking 2.54% of the token supply for its dev team.Hyperliquid (HYPE) neared its all-time high Thursday morning as the token surpassed the $59 threshold for the first time in 2026. Market data shows that HYPE surged to $59.06, its highest mark so far this year and a few cents shy of its Sept. 18, 2025, record high of $59.33.
“When Wall Street starts mentioning a coin, that’s often the moment when gradually exiting has never been a bad indicator,” Dang warned. “The queue waiting to unstake hyperliquid: native is showing signs of increasing lately, with tens of millions of dollars waiting to be released.”
Dang also pointed to the upcoming unlock of 2.54% of the total supply allocated to the Hyperliquid development team as another potential headwind.
