Hyperliquid open interest surges 32% in a week: Is $80 HYPE next?
Cointelegraph 2026-06-17 03:19:33
Context: Hyperliquid's native token HYPE has seen significant growth, with a 44% rally over five days and an all-time high of $76.90 on Tuesday, followed by a pullback to $73. The surge in HYPE's price is accompanied by a 32% increase in open interest on HYPE futures, reaching the $3 billion mark, which suggests growing institutional demand. This growth is occurring in the context of a broader cryptocurrency bear market.
Key Facts
- Hyperliquid's native token HYPE rallied 44% over five days, hitting a $76.90 all-time high on Tuesday, before pulling back to $73.
- The aggregate open interest on HYPE futures rose 32% from one week earlier, reaching the $3 billion mark, signaling growing institutional demand.
- Hyperliquid's decentralized exchange (DEX) volumes have shown no signs of weakness amid the cryptocurrency bear market, with $9.6 billion in activity over the past six months.
- The funding rate on HYPE perpetual futures has remained below the neutral 6% threshold for the past week, signaling weak demand for bullish leverage.
- Hyperliquid's fully diluted value (FDV) stands at $71.3 billion, with a circulating supply of 253.41 million and a maximum supply of 953.92 million.