On Tuesday, the digital asset HYPE jumped over 11% to hit a new all-time high of $76.90, bouncing back from a recent June 11 low of $53.
Key Takeaways:
On June 16, HYPE jumped over 11% to hit a record $76.90, recovering from a recent marketwide drop to $53.Hyperliquid secured its spot as the 10th-largest crypto asset, hitting a market cap of nearly $17 billion.Analysts warn Hyperliquid’s buybacks may not match the massive scale of upcoming contributor token unlocks.However, as rumors of a possible deal between the U.S. and Iran began to grow heading into the weekend, HYPE reversed losses. It continued rising until it reclaimed the $70 threshold before hitting a new all-time high of $76.90 at 9:01 a.m. EST. The 11.6% daily jump pushed HYPE’s weekly gain to nearly 22%.
