$HYPE has been surging strongly recently, climbing as much as ~50% to around the mid-$30s, outperforming many major cryptos. �
CoinDesk
A jump of ~24% in price was linked to record open interest on Hyperliquid’s HIP-3 markets ($790M), suggesting rising trader activity. �
CCN.com
Despite broader market weakness (Bitcoin ($BTC ) lagging), HYPE is testing key resistance levels near ~$35. �
Bitget
Other reports note HYPE and some altcoins gaining ~7% even in risk-off conditions. �
Coinpedia Fintech News
Ecosystem developments
The token’s recent strength is partly attributed to expanded trading of tokenized commodities and assets on Hyperliquid’s HIP-3 platform, broadening use cases beyond crypto. �
AInvest
Supply & tokenomics
Scheduled token unlocks and supply cuts (e.g., reduced February unlocks) have tightened near-term supply, supporting price momentum. �
The Coin Republic
Overall snapshot: HYPE is drawing attention from traders due to strong market activity and ecosystem growth, though it remains sensitive to broader crypto trends and resistance levels.