The HYPE token on the Hyperliquid platform achieved a new all-time high fueled by rising interest in derivative trading and a recent listing on Bybit.
New HYPE Record
HYPE traded at a new all-time high of $45.91, approaching the predicted milestone of $50. This rise was noted amid increased interest in derivative trading.
Impact of Bybit Listing
The recent surge in HYPE's interest is linked to its listing on the Bybit platform. The listing occurred in the main trading zone, after which HYPE quickly achieved new price records.
Market Activity Analysis
HYPE has attracted the attention of major players, as evidenced by an increase in open interest to a record $1.85 billion. The token also shows minimal selling pressure, making holding it increasingly advantageous.
HYPE continues to rise in price due to active trading and growing interest from major investors, which may signal a steady increase in the token's value in the future.
