Hyperliquid Hits the Moon with a Jaw-Dropping $242B Volume – You Won’t Believe What Happened Next!

by

Hold on to your hats, folks! Hyperliquid, the giant of decentralized perpetual futures, has just had a month so spectacular, it’s practically breaking the laws of nature! The platform’s volume shot up like a rocket, and its token went straight to the stratosphere. 💥🚀

Can you believe it? The price of Hyperliquid (HYPE) rocketed to $39.92 on May 26, a staggering 327% jump from its lowest point in April. Whoa, slow down there! This price surge sent its market cap soaring to over $10.9 billion, while its fully diluted valuation went over a jaw-dropping $35 billion. Let that sink in for a sec. 💸

Now, let’s talk numbers. In May, Hyperliquid processed a cumulative volume of over $242 billion. Yes, you read that right. A whole *billion*. To put it in perspective, that’s more than the total volume of its competitors *combined*. Jupiter? $19.78 billion. Apex Protocol, APX Finance, and edgeX? Less than $10 billion each. Yikes! Talk about a crypto king reigning supreme. 👑

And just when you thought it couldn’t get any more exciting, guess what? Hyperliquid’s May volume crushed April’s total of $187 billion and March’s $175 billion. This means Hyperliquid has now processed over $1.6 trillion in tokens since it started. Trillion, with a T. 🤑💰

Move over Binance, Bybit, and Bitget! Hyperliquid is here to play with the big boys. In the last 24 hours, it handled over $4 billion in assets, while Binance processed a cool $41.27 billion, Bybit got $15 billion, and Bitget… well, they scraped by with $14 billion. That’s some stiff competition, but Hyperliquid’s giving them a run for their money. 😎💪

And if you thought that wasn’t enough, Hyperliquid made over $69 million in fees in May. That’s more than Ethereum ($40 million), Raydium ($42 million), and BSC Chain ($15 million) *combined*! Get ready for the crypto giant to make some serious bank. 💸💸

The crypto market is bouncing back, with Bitcoin hitting an all-time high of $111,900, and the overall market cap crossing $3.5 trillion. With numbers like these, who wouldn’t want a piece of the action? 😱📈

HYPE Price Technical Analysis (aka, Nerd Talk for “It’s Going to the Moon!”)

Alright, buckle up for a little chart analysis. The 12-hour chart shows that HYPE price hit rock bottom at $9.2952 on April 7, before shooting up to $39.92 in May. That’s one heck of a comeback! And guess what? It formed a cup-and-handle pattern (technical mumbo jumbo for “things are looking up!”). The top of the cup? A solid $28.40. For all you chart geeks, that’s a *very bullish* sign. 📊💥

But, of course, nothing’s ever that simple in crypto. HYPE has taken a little dip as the market cooled off. 🙄

Here’s the most likely scenario: it drops a little more to retest the upper side of the cup, and then boom – it’s back on track for another round of jaw-dropping gains. It’s called the “break-and-retest” pattern, and it’s a *super popular* sign of things to come. Hold tight, this rollercoaster’s just getting started! 🎢

Read More

2025-06-01 15:47