Track market-moving stories before they get noisy

Large Wallets Pull Millions From ExchangesLarge holders of Hyperliquid's native token $HYPE are continuing to buy into market weakness, according to on-chain analytics platform Lookonchain. A newly created wallet withdrew 222,493 HYPE, worth approximately $14.41 million, from Coinbase Prime. Separately, another whale received 44,986 HYPE valued at roughly $2.87 million from institutional crypto prime broker FalconX.

The pattern is consistent with a broader trend of exchange outflows that has persisted in recent weeks. Spot netflows for HYPE turned negative, meaning more tokens were leaving exchanges than entering, a signal that fewer coins are sitting in tradable supply ready to be sold.

Fundamentals Support the Buying CaseThe accumulation is taking place against a backdrop of solid on-chain fundamentals. HyperCore daily active addresses rose 17.4% over a recent 24-hour period to 68,600, while protocol revenue climbed for three consecutive months, rising from $44.85 million in April to $53.80 million in June, according to DefiLlama data. The platform also executed $135 million in token buybacks over 90 days, helping absorb sell-side pressure from team unlocks.

$HYPE hit an all-time high of $76.67 on June 16, 2026, before pulling back roughly 17% to trade near $63 amid a wider crypto market downturn. Despite the price drop, the total number of HYPE holders expanded during the decline, with wallet count increasing by 1,109 addresses, or 0.45%, over seven days. Institutional interest also held up: HYPE investment products attracted $27.9 million in inflows last week, their strongest weekly reading since late May, according to SoSoValue data.

The combination of exchange outflows, protocol buybacks, and continued large-wallet accumulation suggests that bigger investors are treating the current dip as an entry point rather than a reason to exit.

Sources:
BeInCrypto: HYPE Drops 17% From Record High but Fundamentals Remain Strong
AMBCrypto: Hyperliquid Whales Accumulate Over $17M HYPE

Trading of the DRAM memory ETF is now available on the Solana blockchain, with its holdings covering Samsung, SK Hynix, Micron, and SanDisk.

Jupiter official announcement: Trading of Roundhill Memory ETF (ticker: DRAM) is now supported on the Solana blockchain, with its holdings covering Samsung, SK Hynix, Micron, and SanDisk.

12 minutes ago

At the opening of US stock markets, AI application software stocks rose against the trend, with ServiceNow and Figma climbing more than 5%.

According to Bitget market data, AI software stocks in the US market rose against the trend at opening. ServiceNow (NOW.US) and Figma Inc (FIG.US) jumped more than 5%, while Palantir (PLTR.US), Adobe (ADBE.US), Workday (WDAY.US), Salesforce (CRM.US), and Datadog (DDOG.US) gained over 3%, and Microsoft (MSFT.US) rose by more than 2%. Microsoft has hiked Xbox prices three times in 13 months, and stated that storage component costs will double next year.

12 minutes ago

At the opening of the U.S. stock market, most space-themed concept stocks rose, while SpaceX declined 0.75%.

According to Bitget market data, most US space concept stocks advanced at the opening of US stock trading. Specifically: SpaceX (SPCX) slipped 0.75% to $151.8; Virgin Galactic (SPCE) gained 8%; AST SpaceMobile (ASTS) rose 3.45%; Rocket Lab (RKLB) added 4%; Redwire (RDW) gained 1.9%.

12 minutes ago

At the opening of US stock markets, optical communication concept stocks fell broadly, with MRVL, AAOI, and LITE down more than 6%.

According to Bitget market data, US stocks opened with broad declines in optical communication concept stocks, including: Pure Photonics ETF (FOTO) fell 5.7%; Marvell Technology (MRVL) — a stock NVIDIA CEO Jensen Huang previously touted as the next trillion-dollar market cap company — dropped 6.1%; AAOI (Applied Optoelectronics) fell 7.1%; LITE (Lumentum Holdings) dropped 8.86%; COHR (Coherent Corp.) declined 8.4%; and CIEN (Ciena Corporation) fell 4.75%.

12 minutes ago

US stocks opened with all three major indices in the red, with semiconductor and storage sectors plunging; Micron and SanDisk fell more than 5%.

According to Bitget market data, the three major US stock indexes all fell at opening: the Dow Jones Industrial Average dropped 0.44%, the S&P 500 declined 0.67%, and the Nasdaq Composite fell 1.1%. The semiconductor and storage sectors saw broad declines, with individual stocks performing as follows: NVIDIA (NVDA) dropped 1.56%; Intel (INTC) fell 3.5%; Broadcom (AVGO) declined 2.5%; Qualcomm (QCOM) fell 0.4%; Seagate Technology (STX) dropped 5.78%; Western Digital (WDC) fell 7%; SanDisk (SNDK) declined 7.5%; Micron Technology (MU) dropped 5.4%.

12 minutes ago

Trading of the DRAM memory ETF is now available on the Solana blockchain, with its holdings covering Samsung, SK Hynix, Micron, and SanDisk.

Jupiter official announcement: Trading of Roundhill Memory ETF (ticker: DRAM) is now supported on the Solana blockchain, with its holdings covering Samsung, SK Hynix, Micron, and SanDisk.

12 minutes ago

At the opening of US stock markets, AI application software stocks rose against the trend, with ServiceNow and Figma climbing more than 5%.

According to Bitget market data, AI software stocks in the US market rose against the trend at opening. ServiceNow (NOW.US) and Figma Inc (FIG.US) jumped more than 5%, while Palantir (PLTR.US), Adobe (ADBE.US), Workday (WDAY.US), Salesforce (CRM.US), and Datadog (DDOG.US) gained over 3%, and Microsoft (MSFT.US) rose by more than 2%. Microsoft has hiked Xbox prices three times in 13 months, and stated that storage component costs will double next year.

12 minutes ago

At the opening of the U.S. stock market, most space-themed concept stocks rose, while SpaceX declined 0.75%.

According to Bitget market data, most US space concept stocks advanced at the opening of US stock trading. Specifically: SpaceX (SPCX) slipped 0.75% to $151.8; Virgin Galactic (SPCE) gained 8%; AST SpaceMobile (ASTS) rose 3.45%; Rocket Lab (RKLB) added 4%; Redwire (RDW) gained 1.9%.

12 minutes ago

At the opening of US stock markets, optical communication concept stocks fell broadly, with MRVL, AAOI, and LITE down more than 6%.

According to Bitget market data, US stocks opened with broad declines in optical communication concept stocks, including: Pure Photonics ETF (FOTO) fell 5.7%; Marvell Technology (MRVL) — a stock NVIDIA CEO Jensen Huang previously touted as the next trillion-dollar market cap company — dropped 6.1%; AAOI (Applied Optoelectronics) fell 7.1%; LITE (Lumentum Holdings) dropped 8.86%; COHR (Coherent Corp.) declined 8.4%; and CIEN (Ciena Corporation) fell 4.75%.

12 minutes ago

US stocks opened with all three major indices in the red, with semiconductor and storage sectors plunging; Micron and SanDisk fell more than 5%.

According to Bitget market data, the three major US stock indexes all fell at opening: the Dow Jones Industrial Average dropped 0.44%, the S&P 500 declined 0.67%, and the Nasdaq Composite fell 1.1%. The semiconductor and storage sectors saw broad declines, with individual stocks performing as follows: NVIDIA (NVDA) dropped 1.56%; Intel (INTC) fell 3.5%; Broadcom (AVGO) declined 2.5%; Qualcomm (QCOM) fell 0.4%; Seagate Technology (STX) dropped 5.78%; Western Digital (WDC) fell 7%; SanDisk (SNDK) declined 7.5%; Micron Technology (MU) dropped 5.4%.

12 minutes ago

Singapore’s top financial watchdog just put Hyperliquid on notice. The Monetary Authority of Singapore (MAS) added the high-speed trading platform to its Investor Alert List on June 26, flagging it as neither licensed nor authorized to operate in the city-state.

The move doesn’t ban Hyperliquid outright. But it does tell Singaporean users something important: if things go sideways on the platform, MAS protections won’t be there to catch you.

What the Investor Alert List actually means MAS launched the list back in 2004 as a public warning tool. Its purpose is straightforward: inform residents when a financial service provider hasn’t obtained the proper licenses to operate within Singapore’s jurisdiction.

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Being on the list doesn’t mean Hyperliquid is fraudulent. It means the platform hasn’t gone through Singapore’s regulatory gatekeeping process, which covers things like capital requirements, anti-money laundering compliance, and consumer safeguards.

Singapore’s MAS has also placed Bybit Fintech Ltd. on its Investor Alert List as part of its efforts to strengthen oversight of crypto platforms operating without local authorization.

In response, Bybit said it is seeking clarification from MAS and noted that it has long implemented measures, including contractual restrictions and IP blocking, to prevent Singapore users from accessing its platform.

Hyperliquid says it never claimed to be licensed by MAS In a statement, Hyperliquid said that as permissionless infrastructure, it is not, and has never claimed to be, licensed or authorized by MAS.

Hyperliquid has been added to the MAS's Investor Alert List (IAL). IAL listing does not constitute a ban, an enforcement action, or a finding of wrongdoing. The IAL provides a list of entities that, based on information available to MAS, may be wrongly perceived as being licensed…

— Hyperliquid (@HyperliquidX) June 26, 2026

The team added that nothing about the network or its operation has changed. Users always maintain self-custody, and all transactions are settled transparently and fully onchain.

Hyperliquid said the ecosystem will continue to engage constructively with regulators and institutions around the world in support of clear, effective frameworks that enable the continued development of onchain finance.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Multicoin Capital, a crypto-focused venture firm, projects that Hyperliquid’s HYPE could hit $319 by 2028. At the press time value of $63, that would imply over 5x upside potential, based on revenue-earning potential.  

At ~$63, HYPE trades at roughly 36x TTM earnings, or approximately 30x earnings. Under our valuation frameworks and base case assumptions discussed in the full report, we project ~$8 billion in annual earnings by 2028, implying a price of ~$319 at a 20x multiple.

According to the VC firm, Hyperliquid will “continue to meaningfully compound growth” as it expands beyond perpetual offerings (perps) to its ‘unified everything exchange’ vision. 

For the unfamiliar, Hyperliquid is an L1 chain and a decentralized exchange designed for high-speed trading. Initially, it began with crypto perps but has expanded into RWA (real-world tokenization), prediction markets, and options trading. 

Multicoin noted that Hyperliquid [HYPE] users tripled, from over 300K to nearly 1 million, in 2025. The trading volumes jumped to $2.9T, allowing the DEX to capture $873M in revenue. 

The record traction lifted its DeFi perps dominance to nearly 60%. And it has been taking significant market share from centralized exchanges like Binance. 

For the VC firm, Hyperliquid’s traction mirrored Binance’s early days, but with more catalysts. 

Hyperliquid is following a similar playbook, but with structural advantages Binance didn’t have. It’s non-custodial, execution is fully onchain and verifiable, and revenue is used for daily token buybacks rather than accruing to a separate equity layer.

Overall, in the bear case, the firm expects the HYPE price to hit $109 with a bullish scenario target of $689. 

Multicoin acknowledged potential risks for the DEX, such as U.S regulation, limited decentralization, and competition. But said these risks could be managed. 

HYPE: Whales and ETF demand On the demand front, some whales added positions following the recent dip. A new whale acquired $14M worth of HYPE through Coinbase. Another existing large investor increased its HYPE exposure to $9.8M. 

The renewed Spot bids by whales followed the HYPE price drop to the $60 level, which is the previous peak price. It was possible that altcoin could consolidate above this zone before triggering another leg of the rally. 

Source: HYPE/USDT, TradingView  The short-term sideways thesis was further reinforced by ETF flows that have slowed recently. 

In fact, in June, U.S. Spot HYPE ETFs saw five days of zero flows. That’s about a week of no buying or selling interest. If the trend persists, HYPE could consolidate around the $60-$75 price range for a while. 

Source: SoSo Value  Final Summary Venture firm Multicoin expects HYPE to jump over 5x to $319 in the next two years It noted that potential risks like U.S. regulatory pressure and decentralization can be managed.

@Hyperliquidx has been officially added to Singapore's Monetary Authority (MAS) Investor Alert List (IAL), prompting questions from users about what the designation actually means for the protocol and those who trade on it.

What the MAS Investor Alert List Actually DoesThe listing does not amount to a ban. According to the MAS Investor Alert List, the register flags entities that "may be or may have been wrongly perceived as being licensed or in any other way authorised or regulated by MAS." As the regulator makes clear, inclusion is a public warning tool. It signals that a platform lacks MAS authorization, not that it has broken any law or committed wrongdoing.

Hyperliquid has pushed back on any suggestion of regulatory breach. The protocol stated that the listing does not constitute a ban, an enforcement action, or a finding of wrongdoing. It emphasized that it has never claimed MAS authorization and that its status as permissionless infrastructure remains unchanged.

Hyperliquid is not the only prominent crypto platform to land on the list. Crypto Briefing reported that the IAL "has become a familiar landing spot for major crypto exchanges operating in the region," with platforms including Binance added as far back as 2021 and Bybit most recently added in June 2026.

What Changes for UsersAccording to Hyperliquid, nothing about the network's operational status or on-chain settlement logic has changed as a result of the listing. Users continue to hold full self-custody of their assets, with transactions settling transparently across the protocol's decentralized architecture. The protocol operates as a high-performance Layer 1 blockchain built for on-chain perpetual futures trading, and that infrastructure remains intact.

For Singapore-based users, the practical effect is one of regulatory clarity rather than access restriction. MAS's designation formally signals that the platform is not covered by local investor protections, meaning any disputes or losses fall outside the regulator's jurisdiction. As the Singapore government's own guidance notes, dealing with an unregulated entity means forgoing the safeguards available under laws administered by MAS.

Hyperliquid's inclusion reflects a broader pattern of MAS tightening its public stance on offshore crypto platforms that serve, or may be perceived to serve, Singapore users without local licensing.

Sources:
Monetary Authority of Singapore, Investor Alert List
Crypto Briefing: Bybit added to Singapore MAS Investor Alert List
MoneySense Singapore: Dealing With Unregulated Persons

TLDR: MAS added Hyperliquid to its Investor Alert List, though the listing carries no ban or legal penalty.  Hyperliquid confirms it never claimed MAS authorization and users retain full on-chain self-custody.  Binance and Bybit were previously listed on the MAS IAL, showing a pattern across major crypto firms. Hyperliquid’s Singapore-based core team may now consider relocating due to the MAS IAL inclusion. Hyperliquid has been added to the Monetary Authority of Singapore’s Investor Alert List. The decentralized exchange protocol clarified that the listing does not constitute a ban or enforcement action.

MAS has not found any wrongdoing against the platform. The protocol confirmed it has never claimed to be licensed by MAS.

Hyperliquid remains operational as permissionless infrastructure, with users retaining full self-custody of their assets at all times.

What the MAS Investor Alert List Means for Hyperliquid The MAS Investor Alert List identifies entities that may be mistakenly perceived as licensed or regulated by the authority.

Being included does not carry legal penalties or signal regulatory violations. It serves as a public advisory tool for retail investors in Singapore.

Hyperliquid addressed the listing directly, stating that nothing about the network has changed. The protocol emphasized that transactions continue to settle transparently and fully on-chain. Users maintain self-custody at all times, consistent with how the platform has always operated.

In its official statement, Hyperliquid noted: “The IAL provides a list of entities that, based on information available to MAS, may be wrongly perceived as being licensed or in any other way authorised or regulated by MAS.”

Hyperliquid has been added to the MAS's Investor Alert List (IAL). IAL listing does not constitute a ban, an enforcement action, or a finding of wrongdoing. The IAL provides a list of entities that, based on information available to MAS, may be wrongly perceived as being licensed…

— Hyperliquid (@HyperliquidX) June 26, 2026

The protocol added that it remains committed to engaging constructively with regulators and institutions globally.

Relocation Concerns and Industry Precedent Hyperliquid’s core team is largely based in Singapore, making the MAS listing particularly notable. The development could prompt the team to evaluate whether to relocate its operations to a more favorable jurisdiction. No official announcement regarding relocation has been made at this time.

This is not the first time a major crypto exchange has appeared on the MAS Investor Alert List. Binance and Bybit were both previously added to the same list.

Neither exchange ceased operations following their respective inclusions, and both continued serving users in other markets.

The broader pattern suggests that IAL listings have become relatively common for large crypto exchanges and DeFi protocols.

Hyperliquid acknowledged this directly, noting that “many large exchanges and DeFi protocols have been included on the IAL.”

The protocol indicated it views the listing as part of a wider regulatory landscape rather than a targeted action against its operations.

The Monetary Authority of Singapore (MAS), the city-state's central bank and financial regulator, has added decentralized perpetuals exchange Hyperliquid to its Investor Alert List.

The entry, added on Friday, includes the Hyper Foundation website and the Hyperliquid trading app.

The Investor Alert List is a consumer protection measure that identifies entities that may be wrongly perceived as licensed or regulated by MAS. Inclusion on the list does not constitute a ban or enforcement action.

MAS Investor Alert List. Source: MAS

MAS added crypto exchange Bybit to the list on June 17. KuCoin and Bitget also appear on the list. Cointelegraph reached out to MAS for comment but did not receive a response before publication.

Hyperliquid said that it has never claimed to be licensed or authorized by MAS and that nothing about its permissionless infrastructure has changed.

“The Hyperliquid ecosystem remains committed to engaging collaboratively and constructively with regulators and institutions globally and to supporting clear, well-designed frameworks for onchain finance," the platform wrote in a Friday X post.

According to CoinGecko, Hyperliquid ranks as the ninth-largest decentralized exchange by trading volume, while DefiLlama estimates it holds about $5.7 billion in total value locked.

Singapore tightens crypto oversightSingapore has steadily tightened oversight of the cryptocurrency industry in recent years. In May 2025, MAS ordered crypto companies serving overseas customers to either obtain licenses or cease operations, saying the policy reflected a long-standing regulatory position rather than a shift in approach.

The directive closed a regulatory loophole that had allowed some crypto firms based in Singapore to avoid licensing by serving only overseas customers. MAS said it had consistently communicated its position since 2022 and was ending the transition period for firms that had continued operating without a license.

MAS said the measures were intended to strengthen consumer protection and align the Lion City's crypto framework with international standards on Anti-Money Laundering and Countering the Financing of Terrorism.

Magazine: How crypto laws changed in 2025 — and how they’ll change in 2026

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

This Friday, we examine Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid in greater detail.

Ethereum (ETH This week, Ethereum crashed by 8% as most of the market turned red and key support levels were broken. For ETH, the price has settled at the $1,500 support, which appears to be holding at the time of this post. The current resistance is at $1,800.

The last time this cryptocurrency was at this price level was early 2025. Back then, ETH bounced there, triggering a sustained rally that set a new record price. However, it’s unlikely this will be repeated here.

Looking ahead, Ethereum shows a lot of weakness, and sellers may try to break below $1,500 and turn this level into a key resistance. If successful, then the next major support will be found around $1,000.

Source: TradingView Ripple (XRP) XRP fell by 9% this week and is inches away from losing the support at $1. This is a psychological level that will determine the price action of this cryptocurrency in the weeks and months to come.

If $1 turns into resistance, then the price will likely spend most of the year under this level, with the next key support found at 80 cents. Since sellers have the upper hand, it would take a miracle to stop them at $1.

Looking ahead, XRP is found at a critical junction. Considering the existing downtrend, a price under $1 is very likely as bears continue to dominate. Such a scenario would only prolong the bear market with lower lows.

Source: TradingView Cardano (ADA) This week, ADA closed 12% lower and lost its key support at $0.15. The price failed to hold there, and this level is now acting as a resistance. The last time the price was this low was late 2020.

The recent weakness displayed by Cardano is quite concerning since the downtrend has been accelerating and picking up speed, including in terms of sell volume. Nothing seems able to stop this.

Looking ahead, with buyers gone, the price will be forced to go lower until it finds them, most likely around 10 cents. Best to stay away from ADA until it finally forms a bottom. This appears quite a distance away right now.

Source: TradingView Binance Coin (BNB) Binance Coin remained bearish this week after it lost 2% of its valuation. While that is not significant, the bigger worry is the loss of support at $580, which is now acting as a resistance.

Buyers failed to reclaim that support level, and, being on the defensive, they have likely retreated to the next support at $500. Because of this, the BNB price may slowly grind lower towards that in the weeks to come.

Looking ahead, this cryptocurrency remains in a clear bearish trend with lower highs and lower lows, even if it moved sideways for almost six months in the first part of 2026. Best to be patient on BNB until it finds a bottom as well.

Source: TradingView Hype (HYPE) After a great performance for most of 2026, HYPE appears to struggle now, being unable to make higher highs. The price topped just under $76, and since then, a correction has started with key resistance levels at $76 and $66.

Because of this, the price closed the week 5% lower and also recently tested the support at $60. While that has held to date, it’s likely that the correction will push this cryptocurrency lower, or even to $52, which is the bottom of this ascending channel.

Looking ahead, as long as HYPE can stay above $52, buyers have the advantage. However, any price under $52 would turn the chart bearish and send this into a deeper and sharper correction.

Source: TradingView Tags:

Hyperliquid Joins Binance and Bybit on Singapore’s Crypto Warning List

PANews June 26 news, according to The Block, Multicoin released a report saying that Hyperliquid is evolving from a decentralized perpetual contract exchange to an "all-in-one exchange," and its native token HYPE, currently priced around $63, is severely undervalued by the market. Multicoin gave a base case HYPE target price of $319 for 2028, expecting Hyperliquid's annual revenue to be about $8 billion by then, based on a 20x price-to-earnings ratio. Multicoin disclosed it has been actively buying HYPE since February, and it is now one of the largest positions in its liquid hedge fund.

The report noted that HYPE recently rose above $76 due to factors such as inflows into newly listed ETFs, strong revenue, and buyback programs, then fell back to $62.47 amid the market pullback. In 2025, Hyperliquid's user base grew from about 300,000 to 923,000, open interest increased from $2 billion to $6 billion, annual revenue reached about $873 million, and it processed $2.9 trillion in trading volume. Multicoin pointed out that its target price has not yet fully priced in catalysts such as HIP-4 and HyperEVM. Hyperion DeFi CEO Hyunsu Jung compared Hyperliquid's fully diluted valuation (once close to $75 billion) with the stock market capitalizations of exchanges like CME, Interactive Brokers, and Robinhood, arguing that Hyperliquid is transcending its positioning as a mere perpetual contract exchange.

PANews June 26 news, according to on-chain analyst Ember monitoring, the "largest long on Hyperliquid" continues to increase positions, already holding $445 million in long positions (120,000 ETH + 2,500 BTC), with an unrealized loss of $110 million.

After BTC fell to $59,000 last night, they used 3 wallets to open a long position of 500 BTC ($30 million) at $59,261. The average opening price for ETH longs is $2,261, and the average opening price for BTC longs is $69,560.

AI Agent infrastructure layer firm Orthogonal secures $4.3 million in funding, led by Pantera Capital.

According to official announcements, agent infrastructure project Orthogonal has secured $4.3 million in funding, led by Pantera Capital, with participation from Y Combinator, Pioneer Fund, Decasonic, Blast Club, Outbound Capital, Rice Capital, Surreal by Premise, and Batch Ventures (CTO Fund). Orthogonal is dedicated to providing a unified access layer for AI agents, enabling them to discover, orchestrate and pay for required services on demand, so that they can complete tasks including booking, research, data processing and transactions even when existing tools are unavailable. The project aims to become the default entry point for agents to acquire new capabilities.

4 minutes ago

Binance Alpha will today launch the exclusive Token Generation Event (TGE) for CAP (CAP)

According to official announcements, Binance Alpha will launch the exclusive Token Generation Event (TGE) for CAP (CAP), with the subscription period running from 18:00 to 20:00 (UTC+8) on June 26, 2026. Eligible users must participate using Alpha Points.

4 minutes ago

Serenity: High-beta stocks typically fall first during broad market corrections, but also recover earlier.

Serenity issued a statement noting that global financial markets are currently undergoing a broad correction, with no clear end in sight. Major Asian stock indices are under broad pressure: South Korea’s KOSPI fell 8.18%, Japan’s Nikkei 225 dropped 4.8%, and Taiwan’s Weighted Index declined 3.82%. Meanwhile, high-growth stocks that had previously posted strong gains have also suffered severe losses, with individual names like SOI and RKLB logging cumulative declines of 30% to 40% recently. Per historical market patterns, high-beta stocks typically enter a correction phase ahead of the broader market and tend to see steeper drops, but they also often lead the rebound once the market stabilizes. Excluding South Korea’s inherently highly volatile market, a single-day decline of 3% to 4% in major indices usually signals a rapid cooling of market risk appetite, making the short-term market environment quite challenging.

4 minutes ago

SpaceX plans to roll out Starlink mobile services to the U.S. mass consumer market.

According to a report by the UK’s Financial Times, Elon Musk’s SpaceX plans to roll out Starlink mobile services to the U.S. mass consumer market.

4 minutes ago

Jiang Zhuoer: "AI bubble may burst once incremental funds dry up"

Jiang Zhuoer, founder of BTC.TOP (formerly LTC Pool), posted that liquidity in the US stock market is no longer sustainable. Just as the Bitcoin bull market ends when new inflows fail to support price rallies, the AI bubble will burst when new capital can’t sustain stock price gains. Initially, tech stocks rallied broadly, then only AI-related stocks advanced, and now only storage stocks are still rising—even AI leader Nvidia has started to decline.

4 minutes ago

AI Agent infrastructure layer firm Orthogonal secures $4.3 million in funding, led by Pantera Capital.

According to official announcements, agent infrastructure project Orthogonal has secured $4.3 million in funding, led by Pantera Capital, with participation from Y Combinator, Pioneer Fund, Decasonic, Blast Club, Outbound Capital, Rice Capital, Surreal by Premise, and Batch Ventures (CTO Fund). Orthogonal is dedicated to providing a unified access layer for AI agents, enabling them to discover, orchestrate and pay for required services on demand, so that they can complete tasks including booking, research, data processing and transactions even when existing tools are unavailable. The project aims to become the default entry point for agents to acquire new capabilities.

4 minutes ago

Binance Alpha will today launch the exclusive Token Generation Event (TGE) for CAP (CAP)

According to official announcements, Binance Alpha will launch the exclusive Token Generation Event (TGE) for CAP (CAP), with the subscription period running from 18:00 to 20:00 (UTC+8) on June 26, 2026. Eligible users must participate using Alpha Points.

4 minutes ago

Serenity: High-beta stocks typically fall first during broad market corrections, but also recover earlier.

Serenity issued a statement noting that global financial markets are currently undergoing a broad correction, with no clear end in sight. Major Asian stock indices are under broad pressure: South Korea’s KOSPI fell 8.18%, Japan’s Nikkei 225 dropped 4.8%, and Taiwan’s Weighted Index declined 3.82%. Meanwhile, high-growth stocks that had previously posted strong gains have also suffered severe losses, with individual names like SOI and RKLB logging cumulative declines of 30% to 40% recently. Per historical market patterns, high-beta stocks typically enter a correction phase ahead of the broader market and tend to see steeper drops, but they also often lead the rebound once the market stabilizes. Excluding South Korea’s inherently highly volatile market, a single-day decline of 3% to 4% in major indices usually signals a rapid cooling of market risk appetite, making the short-term market environment quite challenging.

4 minutes ago

SpaceX plans to roll out Starlink mobile services to the U.S. mass consumer market.

According to a report by the UK’s Financial Times, Elon Musk’s SpaceX plans to roll out Starlink mobile services to the U.S. mass consumer market.

4 minutes ago

Jiang Zhuoer: "AI bubble may burst once incremental funds dry up"

Jiang Zhuoer, founder of BTC.TOP (formerly LTC Pool), posted that liquidity in the US stock market is no longer sustainable. Just as the Bitcoin bull market ends when new inflows fail to support price rallies, the AI bubble will burst when new capital can’t sustain stock price gains. Initially, tech stocks rallied broadly, then only AI-related stocks advanced, and now only storage stocks are still rising—even AI leader Nvidia has started to decline.

4 minutes ago

Multicoin Sees Over 400% Upside for Hyperliquid HYPE by 2028

Binance Alpha will today launch the exclusive Token Generation Event (TGE) for CAP (CAP)

According to official announcements, Binance Alpha will launch the exclusive Token Generation Event (TGE) for CAP (CAP), with the subscription period running from 18:00 to 20:00 (UTC+8) on June 26, 2026. Eligible users must participate using Alpha Points.

4 minutes ago

Serenity: High-beta stocks typically fall first during broad market corrections, but also recover earlier.

Serenity issued a statement noting that global financial markets are currently undergoing a broad correction, with no clear end in sight. Major Asian stock indices are under broad pressure: South Korea’s KOSPI fell 8.18%, Japan’s Nikkei 225 dropped 4.8%, and Taiwan’s Weighted Index declined 3.82%. Meanwhile, high-growth stocks that had previously posted strong gains have also suffered severe losses, with individual names like SOI and RKLB logging cumulative declines of 30% to 40% recently. Per historical market patterns, high-beta stocks typically enter a correction phase ahead of the broader market and tend to see steeper drops, but they also often lead the rebound once the market stabilizes. Excluding South Korea’s inherently highly volatile market, a single-day decline of 3% to 4% in major indices usually signals a rapid cooling of market risk appetite, making the short-term market environment quite challenging.

4 minutes ago

Jiang Zhuoer: "AI bubble may burst once incremental funds dry up"

Jiang Zhuoer, founder of BTC.TOP (formerly LTC Pool), posted that liquidity in the US stock market is no longer sustainable. Just as the Bitcoin bull market ends when new inflows fail to support price rallies, the AI bubble will burst when new capital can’t sustain stock price gains. Initially, tech stocks rallied broadly, then only AI-related stocks advanced, and now only storage stocks are still rising—even AI leader Nvidia has started to decline.

4 minutes ago

Yesterday, U.S. spot Bitcoin ETFs recorded a net outflow of $691.7 million, while U.S. spot Ethereum ETFs posted a net outflow of $81.9 million.

According to Farside's monitoring data, U.S. spot Bitcoin ETFs posted a net outflow of $691.7 million yesterday, while Ethereum ETFs saw a net outflow of $81.9 million.

4 minutes ago

THE BLOCK: Multicoin predicts HYPE hits $319 by 2028 as Hyperliquid turns into an 'everything exchange'

Binance will delist the IPUSDT and IPUSDC USDT-margined perpetual contracts due to the rebranding of the Story brand.

Per an official announcement, following the rebranding of the Story (IP) brand to Data Network, Binance will automatically liquidate IPUSDT and IPUSDC U-margined perpetual contracts at 17:00 CST (UTC+8) on June 28, 2026, and remove these perpetual contract trading pairs after liquidation concludes. Users are advised to close their positions voluntarily before trading is suspended to avoid automatic settlement of their positions. Starting from 16:30 CST (UTC+8) on June 28, 2026, users will no longer be able to submit new non-reduce-only orders for the aforementioned perpetual contracts. A separate announcement will be released when the new contract goes live.

2 hours ago

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PANews, June 25 – According to on-chain analyst Ai Yi’s monitoring, the “Hyperliquid whale who shorted 16 altcoins and made a $13.68 million profit” has begun selling ETH. Five hours ago, amid a market rebound, the whale deposited 6,855.13 ETH ($11.02 million) into Binance, likely to sell. This ETH was accumulated in February and March of this year at an average price of $1,991. If sold, it would result in a loss of $2.625 million.

Hyperliquid Portfolio Margin Feature Enters Beta Testing and Increases Limits

PANews June 25 news, according to Cointelegraph, the Hyperliquid portfolio margin feature has entered the beta testing phase and increased limits. Users with account value below $25 million can use BTC and HYPE as collateral to trade perpetual contracts, spot, and outcome markets.

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HYPE printed a fresh all-time high near $77 in June 2026, then pulled back toward the mid-50s. With a fee-funded buyback engine pulling one way and a multi-year unlock pulling the other, $100 is possible but far from a given. Here is the realistic path, and what has to break right.

Summary

HYPE can reach $100 in 2026, but it is a bull-case outcome. Hyperliquid’s buyback engine creates real token demand from platform fees. The unlock schedule is the main force working against the buyback. Volume, regulation, ETF flows, and new markets decide whether the path opens. Hyperliquid’s HYPE token reached a new all-time high of roughly $77 in June 2026 before pulling back toward the mid-50s, and the move reignited the question its holders keep asking: can HYPE reach $100 before the year is out?

From the mid-50s, that target is a climb of roughly 70% to 80%, an ambitious but not absurd move for a token that has already delivered enormous gains since its late-2024 launch. The answer is not a simple yes or no, because HYPE sits at the center of an unusually clear tug-of-war.

On one side is a buyback engine that funnels almost all of the platform’s trading fees into buying and burning the token. On the other is a large multi-year schedule of token unlocks that keeps adding supply.

Whether HYPE hits $100 in 2026 depends on which of those forces wins, and on whether the platform’s growth catalysts arrive before its risks bite. This piece lays out the realistic path to that number, and the conditions that would have to break right for it to happen.

A note on what this is and is not: this is an analysis of scenarios and the forces that drive them, not a prediction presented as fact and not investment advice. Price targets in crypto are educated framings of probability, not promises, and anyone who tells you with certainty where a volatile token will trade in six months is guessing.

What follows covers where HYPE stands now, the buyback mechanism that gives it a structural floor, the supply overhang that opposes it, the growth catalysts that could power a run to triple digits, the risks that could cap it well short, what the broader market is actually betting, and three concrete scenarios, bull, base, and bear, for how 2026 could play out.

The goal is to give a holder a framework for thinking about the $100 question rather than a false promise about the answer.

Where HYPE stands right now Begin with the lay of the land, because the starting point shapes everything.

Hyperliquid is the dominant decentralized perpetual-futures exchange, a platform where traders take leveraged positions on crypto and, increasingly, on other assets, with its order book and matching engine running fully on its own high-performance blockchain.

Its token, HYPE, reached an all-time high near $77 in mid-June 2026 and has since corrected toward the mid-50s, giving it a market capitalization in the rough vicinity of $15 billion and a top-ten ranking among all cryptocurrencies.

That places HYPE among the most valuable tokens in the market, a remarkable ascent for an asset that launched at around $7.50 little more than a year and a half earlier. Hyperliquid also stands out because it was built without the usual venture-capital-heavy launch structure, with a large share of supply distributed to users instead of insiders.

The supply structure is central to any price discussion, so it is worth stating plainly. HYPE has a maximum supply approaching 1 billion tokens, but only a fraction of that, somewhere around a quarter, is currently circulating and tradeable.

The gap between the circulating supply and the eventual total is large, which means a great deal of HYPE is not yet on the market and will enter circulation over the coming years. This matters enormously for the $100 question, because price is a function of both demand and the supply it must absorb.

To reach $100 from the mid-50s, HYPE needs demand to grow faster than incoming supply. The entire bull-versus-bear debate around the token can be reduced to a single contest: the buyback engine adding demand on one side against the unlock schedule adding supply on the other.

Understanding both sides is the key to a grounded view of where HYPE can realistically go.

The buyback engine: HYPE’s structural floor The feature that makes HYPE unusual, and that anchors the bull case, is its buyback mechanism, which ties the token’s value directly to the platform’s success in a way few tokens can claim.

Hyperliquid directs the overwhelming majority of the trading fees its exchange generates, on the order of 97% to 99%, into a fund that continuously buys HYPE on the open market and removes it from circulation. In effect, the platform uses its revenue to repurchase its own token, much as a company might buy back its shares, creating a direct and automatic link between trading activity and token demand.

The more volume Hyperliquid handles, the more fees it collects, the more HYPE it buys, and the more upward pressure builds on the price. That makes the product driving Hyperliquid’s fees central to the investment case.

This is a genuinely powerful mechanism, because it grounds HYPE’s value in something concrete rather than pure speculation. Hyperliquid has processed trillions of dollars in cumulative trading volume and generated hundreds of millions in revenue, and it commands a dominant share of all on-chain perpetual trading.

That means the fee stream feeding the buyback is large and real.

For holders, the buyback acts as a kind of structural floor and a source of steady demand. As long as the platform keeps generating heavy volume, the fund keeps buying, which can offset selling pressure and support the price even in quiet markets.

It is the single strongest argument for HYPE reaching $100, because it converts the platform’s commercial success directly into token demand. But a floor is only as strong as the revenue beneath it, and the buyback has a formidable opponent on the other side of the ledger.

The supply overhang: the buyback’s opponent The force working against the buyback is the token unlock schedule, and it is substantial enough that no honest forecast can ignore it.

Because only about a quarter of HYPE’s eventual supply currently circulates, a large quantity of tokens, including allocations to the team and early contributors, is scheduled to unlock and enter the market gradually over a multi-year period stretching into the latter part of the decade.

Each unlock increases the circulating supply, and unless demand rises to match, that new supply weighs on the price. This is the central tension in HYPE’s structure: the buyback engine pulls supply out of circulation while the unlock schedule pushes new supply in, and the token’s trajectory depends on which force is stronger at any given moment.

For readers who want the base framework, reading HYPE’s unlock schedule starts with the tokenomics that decide whether demand is outrunning dilution.

The math of this contest is what determines whether $100 is reachable. If Hyperliquid’s trading volume stays high enough that the buyback removes tokens faster than, or at least as fast as, the unlocks add them, the net supply pressure stays manageable and demand growth can lift the price.

If volume falters, or if the unlocks accelerate beyond what the buyback can absorb, then per-token gains become constrained even if the platform’s overall value grows, because the same value is spread across more tokens.

This is the dilution risk, and it is the most important reason to temper expectations: a platform can succeed commercially while its token underperforms if supply growth outpaces the buyback.

So the buyback floor is real but conditional, and the condition is sustained, heavy trading volume. The entire $100 thesis rests on the buyback continuing to win its tug-of-war with the unlocks, which in turn rests on the catalysts that drive volume.

The growth catalysts that could power $100 For HYPE to reach $100, the buyback needs to keep winning, and that requires the platform’s volume and revenue to keep growing. That is where Hyperliquid’s expanding product surface comes in.

The most important catalyst is the opening of the platform to permissionless markets, a feature that lets third parties create their own perpetual-futures markets for assets beyond core crypto. Within months of launching, this capability was already generating a meaningful slice of the platform’s revenue and powering record trading days in markets for commodities such as silver and oil.

Expanding the universe of tradeable assets is the most direct way to grow volume, and therefore the most direct path to a higher token price.

Several other catalysts stack on top. The platform has been adding prediction-style markets and shorter-dated options, broadening its appeal beyond leveraged crypto traders to a wider audience.

Its full smart-contract layer lets outside developers build applications, vaults, and structured products on the same infrastructure, turning a single exchange into a programmable financial ecosystem and creating more activity that generates fees. Spot trading, real-world assets, and synthetic equities extend the platform further still.

That is why how on-chain exchanges work matters here: Hyperliquid is no longer only a perp venue, but a broader on-chain financial stack trying to pull more trading into one system.

One of the clearest examples is the growth of pre-IPO and synthetic private-market trading on Hyperliquid, including activity tied to SpaceX exposure through HIP-3 markets. That widens the platform beyond standard crypto pairs and shows how permissionless markets can turn outside narratives into fee-generating trading activity.

A new and potentially significant source of demand has also appeared in the form of regulated exchange-traded products that give traditional investors exposure to HYPE without holding it directly. Those products create another possible bid outside native crypto traders.

If these catalysts compound, each adding volume and fee revenue, the buyback grows more powerful, the supply pressure is more easily absorbed, and the path toward $100 opens. The bull case is essentially a bet that this product expansion keeps feeding the engine faster than the unlocks can drain it.

The risks that could cap it A grounded forecast has to weigh the catalysts against the risks, and HYPE faces several that could keep it well short of $100.

The most prominent is regulation. Hyperliquid operates in a legally gray area in some jurisdictions, including restrictions affecting access in the United States, and the traditional derivatives establishment has been pressing regulators to bring platforms like it under tighter oversight, citing concerns about manipulation and the kinds of permissionless markets that drive its growth.

A regulatory clampdown could limit the products Hyperliquid offers, impose new requirements that slow its expansion, or restrict its addressable market, any of which would cut into the trading volume that feeds the buyback. That is why the regulatory cloud over perp venues matters: the legal treatment of perpetual futures is no longer a side issue for platforms built around them.

Regulatory risk is the single largest external threat hanging over the token.

Competition is the second major risk. Hyperliquid commands a dominant share of on-chain perpetual trading, but that dominance invites attack, and large centralized exchanges, other decentralized venues, and new entrants are all chasing the same lucrative market.

If competitors replicate Hyperliquid’s features or undercut it on incentives, they can erode its market share and compress the trading fees that fund the buyback. Lower fees mean a weaker buyback, which means less support for the token.

Layered on these are the ordinary hazards of a crypto-market token. HYPE’s fortunes are tied to overall risk appetite, and in a risk-off environment, exchange tokens and high-beta assets tend to fall sharply regardless of fundamentals.

Perpetual-trading volume itself can also shrink when volatility and speculation dry up. So the risks form a coherent bear vector: regulation or competition shrinks volume, volume shrinks the buyback, the buyback can no longer outrun the unlocks, and the token’s supply pressure reasserts itself.

Any of these materializing would push $100 further out of reach.

What the market is actually betting It helps to see where the wider market lands on the $100 question, because the spread of opinion reveals how genuinely uncertain it is.

On prediction markets, where people bet real money on outcomes, the crowd in mid-2026 leaned toward HYPE surpassing $80 before year-end, with a smaller majority expecting it to clear $90, and a substantial minority, somewhat under half, betting it would exceed $100.

On the downside, bettors assigned high odds to HYPE trading below $50 at some point, reflecting awareness of the volatility and the unlock pressure. In other words, the market treats $100 as a real possibility but not the most likely outcome, with meaningful probability on both a strong run higher and a pullback lower.

Analyst forecasts span an even wider range, which is itself informative. Toward the cautious end, some firms project HYPE averaging in the high $30s to high $50s across 2026, essentially expecting the token to hold near or modestly above current levels.

In the middle, several see a return toward or past the all-time high if adoption continues. At the bullish extreme, one prominent investor has floated a target as high as $150, premised on the buyback engine, organic volume growth, and the expansion into prediction markets and options all firing together.

The enormous spread, from the high $30s to $150, is not a sign that the analysts are useless. It is an honest reflection of how much HYPE’s outcome depends on variables that are truly unknown, chiefly whether volume growth outpaces the unlocks and whether regulation intervenes.

The responsible reading of the consensus is that $100 is plausible in a strong scenario, roughly a coin-flip-or-worse proposition by year-end, and dependent on the bull catalysts materializing.

Bull, base, and bear scenarios for 2026 The cleanest way to hold all of this together is to lay out three scenarios, each with the conditions that would produce it, so the $100 question has context rather than a single false answer.

In the bull scenario, HYPE reaches and possibly exceeds $100. This requires the catalysts to compound: permissionless markets and new products driving trading volume sharply higher, the buyback consequently absorbing the unlocks with room to spare, exchange-traded product inflows adding a steady new bid, no serious regulatory blow landing, and a generally favorable crypto market providing tailwinds.

In that world, the buyback engine wins its tug-of-war decisively, demand outstrips the incoming supply, and the token reprices toward triple digits and beyond. It is a coherent path, but it requires most things to go right at once.

In the base scenario, the most probable of the three, HYPE spends 2026 trading in a wide band, roughly the mid-$40s to the low $70s, without a durable break to $100. Here the buyback and the unlocks roughly offset each other, volume grows but not explosively, and the token chops within range as catalysts and headwinds trade blows.

This is the unremarkable but likely outcome: a strong platform whose token consolidates after a big run, holding its value without delivering the parabolic move bulls hope for.

In the bear scenario, HYPE falls toward the $20s to low $40s. This is what a regulatory shock, a loss of market share to competitors, a slump in trading volume, or a broad risk-off downturn would produce, any of which would weaken the buyback and let the unlock supply drag the price down.

The key insight across all three is that $100 is specifically a bull-scenario outcome. It is not the base case, and it requires favorable conditions to align.

HYPE reaching $100 is possible. It is the optimistic branch, not the expected path.

The reflexive edge of the buyback, in both directions There is a subtler dynamic inside the buyback model that deserves attention, because it is what gives HYPE both its explosive upside and its hidden fragility: the mechanism is reflexive.

That means its parts feed back on one another in a loop that runs powerfully in whichever direction it is already moving. On the way up, the loop is a thing of beauty for holders.

Heavy trading volume generates large fees, the fees fund aggressive buybacks, the buybacks lift the price, the rising price draws attention and new traders to the platform, and that fresh activity generates still more volume and fees, which funds still more buying.

Each turn of the wheel reinforces the next, and in a strong market this is exactly how a token makes a 70% or 80% move toward a target like $100 look almost effortless. The buyback does not just support the price; it can compound a rally.

The trouble is that the same wheel turns in reverse with equal force. If trading volume falls, whether because of a market downturn, a regulatory blow, or competitors stealing share, the fees shrink, the buyback weakens, the diminished buying lets the price slide, the falling price dims the attention and excitement that drew traders in, and the quieter platform generates even less volume, which shrinks the fees further.

A virtuous circle becomes a vicious one, and the descent can be as self-reinforcing as the climb. This is the part of the buyback story that bullish framings tend to skip: a mechanism celebrated as a structural floor is only a floor while volume holds, and volume is exactly the thing that evaporates fastest when sentiment turns.

The buyback does not insulate HYPE from a downturn. In a real one, it can amplify the fall by weakening precisely when support is most needed.

For the $100 question, this reflexivity is the hinge that explains why the outcome is so binary and so dependent on conditions. In a favorable environment, the loop spins upward and $100 becomes very reachable, because demand feeds on itself.

In an unfavorable one, the loop spins downward and the token can fall far below current levels for the same self-reinforcing reason. There is less stable middle ground than a simple “buyback equals floor” story implies, because the model is built to accelerate moves, not to dampen them.

A holder betting on $100 is therefore betting not just that the platform grows, but that it grows in a market calm enough to let the reflexive engine spin upward without a shock large enough to throw it into reverse.

The buyback is a genuine edge, but it is an edge that cuts both ways, and respecting the downside is the difference between understanding HYPE and merely cheering for it.

So can HYPE reach $100 in 2026? Bringing it together, the honest verdict is that HYPE can reach $100 in 2026, but it is not the most likely outcome, and getting there requires a specific stack of things to go right.

The buyback engine has to keep winning its contest with the unlocks, which means trading volume has to stay heavy and ideally grow, powered by the platform’s expansion into new markets and products. A fresh source of demand, most plausibly exchange-traded products channeling outside capital in, has to add a sustained bid.

The major risks, regulation above all, then competition and a market downturn, have to stay contained. And the broader crypto market has to cooperate, because even the best token struggles to make a 70% to 80% move in a hostile tape.

When all of those align, the path to $100 is real and even straightforward, because the buyback turns volume into relentless token demand.

The realistic conclusion is one of conditional possibility instead of confident prediction. In a strong, catalyst-driven, risk-on 2026, $100 is achievable and the bull case is coherent.

In a flat or choppy year, the base case of wide-range consolidation is more likely, and the token holds its value without reaching the milestone. In a hostile year, the bear case pulls it well below current levels.

For a holder or watcher, the practical takeaway is to monitor the variables that actually decide it: Hyperliquid’s trading volume and fee revenue, the pace of unlocks against the pace of buybacks, the flows into the new exchange-traded products, and any movement on the regulatory front.

Those metrics, not any single price target, will tell you in real time whether HYPE is on the road to $100 or settling into its range. The number is reachable.

It is simply not promised, and anyone who treats it as a sure thing is ignoring the unlock schedule, the regulatory cloud, and the plain fact that crypto rarely moves in a straight line.

Frequently asked questions Can HYPE realistically reach $100 in 2026? It is possible but not the most likely outcome. From the mid-50s, $100 is a roughly 70% to 80% climb, achievable for a token this volatile but requiring favorable conditions to align: sustained high trading volume feeding the buyback, growth catalysts like new markets and exchange-traded products adding demand, contained regulatory risk, and a cooperative crypto market. $100 is best understood as a bull-scenario target instead of the base case, which is closer to wide-range consolidation in the mid-$40s to low $70s.

What is the HYPE buyback and why does it matter? Hyperliquid directs roughly 97% to 99% of its trading fees into a fund that continuously buys HYPE on the open market and removes it from circulation, similar to a company buying back its shares. This ties the token’s demand directly to the platform’s trading activity: more volume means more fees, more buybacks, and more upward pressure on the price. The buyback acts as a structural floor and is the strongest argument for HYPE rising, but it depends entirely on the platform maintaining heavy trading volume.

What is the biggest risk to HYPE’s price? Regulation is the largest external risk. Hyperliquid operates in a legal gray area in some jurisdictions, including access restrictions in the United States, and traditional derivatives firms have urged regulators to tighten oversight of platforms like it. A clampdown could limit its products, slow its growth, or shrink its market, cutting the trading volume that feeds the buyback. Competition eroding its market share and fees, and a broad crypto downturn reducing trading activity, are the other major risks that could cap the price.

Why does HYPE’s token unlock schedule matter? Only about a quarter of HYPE’s eventual supply currently circulates, with a large quantity scheduled to unlock gradually over several years. Each unlock adds supply, and unless demand rises to match, it weighs on the price. This creates HYPE’s central tension: the buyback removes tokens while unlocks add them. If trading volume keeps the buyback strong enough to absorb the unlocks, the price can rise; if volume falters and unlocks outpace buybacks, per-token gains are constrained even if the platform grows.

What are analysts predicting for HYPE in 2026? Forecasts span a very wide range, reflecting genuine uncertainty. Cautious projections see HYPE averaging in the high $30s to high $50s, essentially holding near current levels. Middle estimates expect a return toward or past its all-time high if adoption continues. The most bullish forecasts float targets as high as $150 if the buyback, volume growth, and new markets all fire together. Prediction markets in mid-2026 leaned toward HYPE clearing $80, with under half betting on $100.

What should I watch to judge where HYPE is heading? Track the variables that actually decide the outcome instead of any single price target. The most important is Hyperliquid’s trading volume and fee revenue, which power the buyback. Then watch the pace of token unlocks against the pace of buybacks, inflows into the new HYPE exchange-traded products, the platform’s expansion into new markets and products, and any regulatory developments affecting perpetual-trading venues. Those metrics will tell you in real time whether the buyback is outrunning supply and whether the path toward $100 is opening or closing.

This article is information, not investment advice. Price scenarios are uncertain framings, not predictions, and cryptocurrency is highly volatile. Figures for Hyperliquid and HYPE reflect reporting available as of June 25, 2026, and can change quickly. Do your own research and verify current data from primary sources before making any decision.

Bitcoin (BTC) is trading above $77,000 at press time on Thursday, easing downside pressure amid the wipeout of $180 million in crypto shorts over the last 24 hours. In the same period, Hyperliquid (HYPE), Dash (DASH), and Zcash (ZEC) led the broader market rally on intense Exchange Traded Fund (ETF) inflows and renewed demand for privacy coins.

Mild recovery in Bitcoin eases broader market stressBitcoin trades above $77,000 on Thursday, extending gains from the previous day. The near-term recovery with a rebound from its 50-day Exponential Moving Average (EMA) suggests a reversal to its 200-day EMA around $82,000. Typically, altcoins mimic Bitcoin's recovery following a pullback. 

CoinGlass data shows $262 million in total liquidations over the last 24 hours across the market, led by $182 million in short liquidations, pointing to a forced bearish positional wipeout.

Crypto liquidation data. Source: CoinGlassHyperliquid and privacy coins eye further gainsHyperliquid is extending a strong bullish phase that has reached a seven-month high, driven by recent $22 million in ETF inflows. The everything exchange token holds well above the 50-day EMA at $42.40 and the 200-day EMA at $36.95, which together suggest a firmly established uptrend. The underlying upward-sloping trendline breakout around $53.00 further reinforces the constructive structure.

Momentum remains robust, with the Moving Average Convergence Divergence (MACD) indicator in positive territory and the Relative Strength Index (RSI) hovering in overbought territory near 76, hinting that while buyers are in control, conditions are becoming stretched.

Looking up, the all-time high of $59.45 remains a key resistance level, and a breakout above it would signal a shift into price discovery mode.

HYPE/USD daily price chart.On the downside, initial support is seen at the broken trendline around $53.00, followed by R2 and R1 Pivot Points at $51.30 and $45.52, respectively.

DASH hovers around $50 on Thursday after a 20% surge the previous day, maintaining a bullish near-term bias. The privacy coin trades well above the 50-period EMA at $44.48 on the 4-hour chart and the 200-period EMA at $42.05, driven by the hopes of Zcash Orchard Shielded Pool integration.

Bullish momentum is rising, as indicated by a positive MACD and an RSI near 72, which hints at firm buying pressure but signals concerns about overbought conditions.

A sustained break above the 61.8% retracement at about $51.11, measured over the downswing from $58.09 to $39.84, would open the way toward the 78.6% level near $54.18.

DASH/USDT daily price chart.Initial support is seen well lower at the 50% retracement level at $48.96, followed by the 38.2% Fibonacci retracement level at $46.81.

Zcash maintains a clear bullish bias as price trades above $665 on Thursday, well above both the 50-day and 200-day EMAs, clustered around $445 and $335. The privacy coin has also pushed decisively through the 78.6% Fibonacci retracement at $628, measured from $750 to $104, suggesting a steady recovery.

The RSI is around 72, hinting at overbought conditions but still constructive momentum, while the MACD remains in positive territory, suggesting that upside pressure persists despite increasingly stretched conditions.

Looking up, the next meaningful resistance is the recent swing high, aligned with the 100% Fibonacci retracement at $750, where buyers could begin taking profits.

ZEC/USDT daily price chart.On the downside, initial support lies at the 78.6% retracement at $629, followed by deeper Fibonacci cushions at $534 and $467.

(The technical analysis of this story was written with the help of an AI tool.)