Record-Breaking RallyHyperliquid's $HYPE token surged past $75 to set a new all-time high, gaining over 85% since May 1 and surpassing $DOGE to rank #7 by market cap (ex-stablecoins).Institutional BuyingBitwise, a16z, and Galaxy Digital withdrew over 1.13M HYPE tokens for staking in 10 hours, while the largest short position of $90M was forced to close at a heavy loss.