Hyperliquid rises nearly 12% as revenue growth, token buybacks, and new borrowing features fuel demand
Hyperliquid (HYPE) surged 11.66% as strong platform revenue growth, intensified token buybacks, and the launch of new borrowing features drove renewed demand. The move is supported by a decisive bullish structure, with HYPE trading above all major moving averages and positive momentum aligning with the upward breakout.
Highlights
- Hyperliquid posted annualized revenue of $1.31 billion as platform fees and increased USDC liquidity supported its token burn and buyback program.
- New borrowing and lending functionality saw $269 million borrowed at launch, and regulatory initiatives include plans for CFTC-regulated futures and a Hyperliquid ETP listing.
- HYPE/USD trades in a bullish trend above key levels, with an expected five-day range of $83.75 to $95.92 and a high probability of further gains.
Revenue jump and product launches drive platform sector leadership
Hyperliquid reported annualized revenue of $1.31 billion, driven by platform fees and increased USDC liquidity that support its token burn and buyback program. The platform led the perpetual trading sector with $240 billion in 30-day volume and introduced new borrowing and lending functionality, with $269 million borrowed at launch. Additional drivers include new regulatory initiatives in the US and Europe, such as plans for CFTC-regulated perpetual futures and the listing of a Hyperliquid ETP, along with the launch of a staking ETF and ongoing institutional attention.
Buyer dominance sustained as price holds above bullish thresholds
HYPE/USD is trading above its 20-, 50-, and 200-day moving averages ($82.21, $70.84, $55.92), confirming a bullish alignment for short-, medium-, and long-term trends. The immediate resistance level is $91.98 and support is at $85.28, defined by the current session's extremes. Sustained strength above the moving averages and the Ichimoku Kijun ($82.41) below price reinforce the positive trend. Momentum indicators remain bullish: MACD and ADX signal further upside, RSI stands at 55.45 with a buy bias, while Stochastic RSI and CCI are neutral. Bull/Bear Power is positive at 2.89, showing buyers dominate intraday action, though it points to overbought conditions. HYPE added $9.49 since the last close, opened with a gap up, and is trading near the daily high amid elevated volatility.
Earlier, analysts noted that Hyperliquid's bullish momentum was supported by regulatory advancements and rising institutional engagement. The latest surge in trading and expansion of platform features further strengthen this outlook, with traders advised to monitor the $91.98 resistance as a potential catalyst for additional upside.