Hyperliquid’s HYPE Token Surges 11% to $44.43, Trading Volume Jumps 37.27%

Hyperliquid’s native token, HYPE, has experienced a significant surge, jumping over 11% in a single day to reach $44.43. This bullish rally has pushed the asset into new territory, breaking above prior resistance levels and signaling strong investor confidence. The market capitalization has grown by over 10%, and trading volume has surged by 37.27%, reinforcing the strength of this upward move.

However, the underlying factors paint a more complex picture. The Relative Strength Index (RSI) is hovering at 69.90, just below the overbought threshold, suggesting that short-term traders may begin to lock in profits if the RSI pushes further without a price correction. The Moving Average Convergence Divergence (MACD) shows a widening bullish crossover, which supports the momentum but could signal overheating if it diverges.

Support levels have shifted upward, with immediate support sitting around $42.20, and stronger foundations near $41.00 and $40.10. On the upside, resistance is forming near the $44.80–$45.00 zone. If HYPE breaks this threshold, the price may enter a discovery phase with limited resistance ahead.

Despite the short-term optimism, long-term risks remain. According to DeFi analyst Mochi, profits on the Hyperliquid platform are heavily concentrated among a small group of traders. Only 170 users on the platform have made over $10 million in profits, and 1,589 users have surpassed the $1 million mark. These figures account for both trading profits and generous airdrop rewards. However, many of these high-earning accounts show returns on investment (ROI) below 200%, hinting at large initial capital commitments rather than outsized trading skill. This growing disparity has sparked discussions around the sustainability of this wealth concentration.

With only 33% of HYPE’s total supply currently in circulation, future token unlocks could add volatility. This factor, combined with the concentration of wealth among a small group of capital-heavy traders, creates long-term risks. Investors should watch for changes in tokenomics or whale activity that may skew market dynamics.

Looking ahead, the Coincodex projection suggests HYPE could trade between $36.20 and $37.07 by December 2025. If that plays out, it would mark a decline of 17.67% from today’s price. Despite the short-term momentum, the forecast indicates potential consolidation or a correction in the medium term.