Today, the crypto market is buzzing with news about Hyperliquid, which has reached a record level of $6.2 billion in assets under management.
Hyperliquid Asset Growth
Since August 13, 2023, Hyperliquid has reported an unprecedented influx of funds totaling $395 million, including $304 million in USDC and $47.6 million in ETH. This record increase marks the largest ever seen for the token.
Financial Flows and Their Impact
Analysis indicates that a significant portion of the new funds has been directed towards BTC, ETH, and Pump, suggesting that traders are actively utilizing stablecoins for trading. Additionally, the TVL of the HyperEVM platform has reached a new high of $4.25 billion, further underscoring the rapid growth of this project.
Current Price and Predictions
Currently, the token is trading at $46.69, up 2.98% in the last 24 hours. The trading volume has reached $556.53 million. Analysts warn that the current signals on the MACD and RSI charts suggest potential further price increases that could lead to new record highs for the $HYPE token.
In summary, the record influx of funds and the current positive trend in the cryptocurrency market create optimistic forecasts for Hyperliquid and its $HYPE token.
