Is Hyperliquid the Crypto Sensation That Will Oust Cardano? You Won’t Believe These Numbers!

If one were to ask Jeeves, “What’s all this racket in the cryptosphere?” he’d probably dismiss it as another of Bertie’s passing fads—like white plus-fours or cucumber sandwiches without the cucumber. Yet, here comes Hyperliquid, barging in at the digital soiree with a 12% price shimmy, thoroughly rattling the hors d’oeuvres and preening before the monocled guests.

Now, the sage among us (namely, Wintermute’s own Evgeny Gaevoy, not to be confused with a brand of high-end Russian perfume) rather wittily pointed out that the Jeff Yan and CZ kerfuffle on X was less “heated financial debate” and more “splashy sales pitch.” Seems he was bang on the money, for HYPE’s price has performed the sort of leap that would’ve led Aunt Agatha to demand a medical examination.

Compared to the usual altcoins—often described as “optimistic” only by their creators and their mothers—Hyperliquid is in a mood so bullish, even Wall Street’s bulls could take notes. Thanks to a Binance listing announcement on June 3rd, HYPE walloped the charts, rolling out an all-time high of $44.80—a 385% Q2 gain. (Your savings account, meanwhile, sends its regards from 1995.)

The price action shot past May’s peak of $39 like Jeeves dodging Bertie’s attempts at scrambled eggs, and now gallops into the uncharted ‘price discovery’ wilds. Meanwhile, USDC inflows strolled up from $2.72 billion to $2.957 billion, making everyone look around for more chairs at the table, per DUNE analytics.

One might say Hyperliquid is the new belle of the DeFi ball—top DEX for derivatives volume in H1 2025. Roll out the red carpet, chaps.

HYPE: Up 12% In a Day (Whales Chuckle All the Way to the Bank) 🐋💰

On this splendidly madcap day, HYPE escalated a dizzying 12% toward its $44.80 high-water mark—enough to make the more sensible coins clutch their pearls. As the price entered ‘discovery mode’ (think “first year at Eton”), some clever whale seized the day on a 4x leveraged long. According to OnChain Lens, said creature’s floating profit soared past $13.7 million, which could stock even Jeeves’ butler’s pantry.

Just In: $HYPE hits a new ATH, surpassing $44.4.

The whale holding a $HYPE long position with 4x leverage now enjoys a floating profit of over $13.7M.

— Onchain Lens (@OnchainLens) June 16, 2025

With whales doing synchronised dives, HYPE is now eyeing Cardano’s sturdy 10th place seat—where $22 billion props up ADA like a particularly precarious house of cards.

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Is $100 a Milestone or Mere Wishful Thinking? 💸

Right now, HYPE perches at 11th overall, clutching a newbie’s $14 billion—leaving an $8 billion moat between itself and dear ADA. However, if the bullish bandwagon keeps rolling (with coin flingers chanting “to the moon!”), that gap may narrow faster than a butler’s patience at a Drones Club reunion.

The HYPE has fashioned itself a rather dashing uptrend this quarter, with a positively symmetrical breakout to boot—enough to warrant at least a congratulatory telegram from one’s broker.

If said fever persists, a push beyond $50 isn’t off the cards; perhaps even hitting the revered 1.618 Fibonacci level at $65. Should the chaps in charge really lose their heads (and take a break from all that profit-taking), a jolly bound to $100 could be next. Get your monocles ready!

On the other hand, the classic profit grab could force a strategic retreat to $39 and $30, where the faithful bulls will presumably guard the treasure like Gussie Fink-Nottle’s prize newts.

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2025-06-16 15:43